Rightmove (LON:RMV) Posts Earnings Results

Key Points

• Rightmove reported a quarterly earnings per share (EPS) of GBX 14.70 ($0.20), with a notable net margin of 52.69% and a return on equity exceeding 293.54%.
• Despite the positive earnings, Rightmove's stock saw a decline of 1.8% and is currently trading at GBX 780.40 ($10.49).
• JPMorgan Chase & Co. has maintained an "underweight" rating, projecting a price target of GBX 625 ($8.40) for Rightmove shares.

Rightmove (LON:RMV - Get Free Report) posted its quarterly earnings results on Friday. The company reported GBX 14.70 ($0.20) EPS for the quarter, Digital Look Earnings reports. Rightmove had a net margin of 52.69% and a return on equity of 293.54%.

Rightmove Stock Down 1.8%

Shares of Rightmove stock opened at GBX 780.40 ($10.49) on Friday. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. Rightmove has a twelve month low of GBX 504.60 ($6.78) and a twelve month high of GBX 801.20 ($10.77). The company has a market cap of £6.08 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company's 50 day moving average is GBX 772.66 and its 200 day moving average is GBX 716.57.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 625 ($8.40) price objective on shares of Rightmove in a research report on Wednesday, July 9th.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.

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