Unite Group (LON:UTG) Posts Earnings Results

Key Points

• Unite Group reported a quarterly EPS of GBX 38 ($0.51) with a net margin of 79.68% and a return on equity of 6.45%.
• As of Tuesday, the company's stock has a market capitalization of £3.74 billion and is trading at GBX 771 ($10.30), down 1.9% from the previous day.
• Unite Students, a subsidiary of Unite Group, is the UK's largest provider of purpose-built student accommodation, serving 70,000 students across 157 properties in 23 cities.

Unite Group (LON:UTG - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 38 ($0.50) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Unite Group had a return on equity of 6.45% and a net margin of 79.68%.

Unite Group Stock Down 0.5%

Shares of UTG stock traded down GBX 4 ($0.05) during mid-day trading on Friday, hitting GBX 744.50 ($9.88). The stock had a trading volume of 1,150,091 shares, compared to its average volume of 2,312,102. Unite Group has a 12-month low of GBX 738.50 ($9.80) and a 12-month high of GBX 1,003 ($13.31). The firm has a market capitalization of £3.61 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The firm's 50-day moving average is GBX 822.90 and its two-hundred day moving average is GBX 831.88. The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73.

About Unite Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation, serving the country's world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.