Quilter (LON:QLT) Releases Earnings Results

Key Points

• Quilter reported earnings of **GBX 5.60 ($0.08)** per share for the quarter, with a **return on equity** of **3.33%** and a **net margin** of **0.78%**.
• Analysts have mixed ratings for Quilter's stock; **Citigroup** raised their target price to **GBX 166 ($2.23)** while **Deutsche Bank** lowered it to **GBX 155 ($2.08)**, resulting in a consensus rating of **"Hold."**
• The company's shares opened at **GBX 163 ($2.19)**, with a **market capitalization** of **£2.17 billion** and a **P/E ratio** of **43.83**.

Quilter (LON:QLT - Get Free Report) posted its earnings results on Wednesday. The company reported GBX 5.60 ($0.08) earnings per share for the quarter, Digital Look Earnings reports. Quilter had a net margin of 0.78% and a return on equity of 3.33%.

Quilter Price Performance

Shares of LON QLT traded down GBX 0.77 ($0.01) during mid-day trading on Tuesday, reaching GBX 162.63 ($2.18). The company's stock had a trading volume of 2,245,259 shares, compared to its average volume of 4,156,909. The stock has a 50-day moving average of GBX 161.05 and a two-hundred day moving average of GBX 152.33. The stock has a market capitalization of £2.16 billion, a P/E ratio of 43.73, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.05 and a current ratio of 1.18. Quilter has a 1-year low of GBX 119.70 ($1.61) and a 1-year high of GBX 173.20 ($2.33).

Analyst Ratings Changes

QLT has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Quilter from GBX 175 ($2.35) to GBX 193 ($2.59) and gave the stock a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Quilter from GBX 164 ($2.20) to GBX 177 ($2.38) and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quilter from GBX 165 ($2.22) to GBX 155 ($2.08) and set a "hold" rating for the company in a research report on Wednesday, August 6th. Finally, Citigroup boosted their price objective on shares of Quilter from GBX 140 ($1.88) to GBX 166 ($2.23) and gave the stock a "neutral" rating in a research note on Thursday, July 10th.

About Quilter

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world's largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.