Restore (LON:RST) Releases Quarterly Earnings Results

Key Points

• Restore (LON:RST) reported an earnings per share (EPS) of GBX 10 ($0.13) for the quarter, with a return on equity of 1.64% and a net margin of 1.37%.
• The company's stock opened at GBX 258.30 ($3.45) with a fifty-two week trading range between GBX 207 ($2.77) and GBX 290 ($3.87).
• Insider Dan Baker purchased 1,000 shares at an average price of GBX 249 ($3.33), indicating confidence from company insiders, who own 15.23% of the stock.

Restore (LON:RST - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 10 ($0.13) EPS for the quarter, Digital Look Earnings reports. Restore had a return on equity of 1.64% and a net margin of 1.37%.

Restore Stock Down 0.9%

RST traded down GBX 2.50 ($0.03) during trading on Friday, reaching GBX 265 ($3.52). The stock had a trading volume of 97,270 shares, compared to its average volume of 381,654. The stock's 50 day moving average is GBX 263.50 and its two-hundred day moving average is GBX 239.71. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The company has a market capitalization of £355.84 million, a price-to-earnings ratio of 93.22, a P/E/G ratio of 0.41 and a beta of 0.57. Restore has a one year low of GBX 207 ($2.75) and a one year high of GBX 290 ($3.85).

Insider Transactions at Restore

In other news, insider Dan Baker acquired 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of GBX 249 ($3.31) per share, for a total transaction of £2,490 ($3,305.02). Company insiders own 15.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RST. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 404 ($5.36) price target on shares of Restore in a research note on Tuesday. Peel Hunt reiterated a "buy" rating and issued a GBX 307 ($4.07) price objective on shares of Restore in a report on Tuesday.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.