Serco Group (LON:SRP) Issues Quarterly Earnings Results

Key Points

• Serco Group reported a quarterly earnings per share (EPS) of GBX 9.74 ($0.13) with a return on equity of 13.70% and a net margin of 2.87%.
• The company stock opened at GBX 219 ($2.95), and has a price-to-earnings ratio of 17.06 with a market cap of £2.22 billion.
• Analysts have mixed ratings, with Berenberg Bank upgrading their price target to GBX 270 ($3.63) and maintaining a "buy" rating.

Serco Group (LON:SRP - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 9.74 ($0.13) earnings per share for the quarter, Digital Look Earnings reports. Serco Group had a net margin of 2.87% and a return on equity of 13.70%.

Serco Group Price Performance

Shares of SRP stock traded up GBX 3 ($0.04) during mid-day trading on Friday, hitting GBX 219 ($2.94). The company had a trading volume of 13,290,652 shares, compared to its average volume of 5,878,439. Serco Group has a 52-week low of GBX 136.20 ($1.83) and a 52-week high of GBX 228.60 ($3.07). The stock's 50 day moving average price is GBX 203.65 and its 200-day moving average price is GBX 178.21. The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98. The company has a market capitalization of £2.22 billion, a P/E ratio of 17.06, a P/E/G ratio of 3.06 and a beta of 0.38.

Analyst Ratings Changes

SRP has been the topic of several analyst reports. Berenberg Bank lifted their price target on shares of Serco Group from GBX 220 ($2.96) to GBX 270 ($3.63) and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Serco Group from GBX 210 ($2.82) to GBX 215 ($2.89) and gave the stock a "hold" rating in a report on Friday. Finally, Shore Capital reissued a "hold" rating on shares of Serco Group in a report on Thursday.

Serco Group Company Profile