The Gym Group (LON:GYM) Announces Quarterly Earnings Results

Key Points

• The Gym Group reported a quarterly earnings per share of GBX 2.80 but faced challenges with a negative net margin of 0.97% and a return on equity of -1.64%.
• Despite the struggles, analysts remain optimistic, with several issuing "buy" ratings and a consensus target price of GBX 193.33 for the stock.
• The stock has seen a price range between GBX 119 and GBX 174.21 over the past year, with current trading around GBX 148.60.

The Gym Group (LON:GYM - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 2.80 earnings per share for the quarter, Digital Look Earnings reports. The Gym Group had a negative net margin of 0.97% and a negative return on equity of 1.64%.

The Gym Group Price Performance

LON:GYM traded down GBX 0.20 on Monday, reaching GBX 147.60. The stock had a trading volume of 81,465 shares, compared to its average volume of 320,213. The Gym Group has a 1-year low of GBX 119 and a 1-year high of GBX 174.21. The stock has a fifty day moving average price of GBX 146.47 and a 200-day moving average price of GBX 142.48. The company has a market capitalization of £261.06 million, a P/E ratio of 6,150.00, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The company has a quick ratio of 0.27, a current ratio of 0.20 and a debt-to-equity ratio of 307.68.

Wall Street Analysts Forecast Growth

GYM has been the subject of a number of research reports. Shore Capital reissued a "buy" rating and set a GBX 200 target price on shares of The Gym Group in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Gym Group from GBX 195 to GBX 200 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 195 target price on shares of The Gym Group in a report on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Gym Group currently has a consensus rating of "Buy" and an average target price of GBX 198.33.

About The Gym Group

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.