Wickes Group (LON:WIX) Releases Earnings Results

Key Points

• Wickes Group reported earnings per share (EPS) of GBX 15.10 for the quarter, with a net margin of 2.01% and a return on equity of 19.39%.
• Wickes shares increased by 2.1%, reaching GBX 224 during midday trading, with a market capitalization of £518.91 million.
• Analysts have mixed ratings on Wickes Group, with two "Buy," one "Hold," and one "Sell" rating, and a consensus price target of GBX 215.

Wickes Group (LON:WIX - Get Free Report) issued its earnings results on Tuesday. The company reported GBX 15.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%.

Wickes Group Stock Up 2.1%

Shares of LON:WIX traded up GBX 4.50 during midday trading on Tuesday, reaching GBX 224. 846,792 shares of the company were exchanged, compared to its average volume of 1,312,986. Wickes Group has a fifty-two week low of GBX 142.30 and a fifty-two week high of GBX 236. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. The stock has a fifty day simple moving average of GBX 211.30 and a two-hundred day simple moving average of GBX 207.08. The firm has a market cap of £518.91 million, a PE ratio of 2,986.67, a P/E/G ratio of 0.79 and a beta of 0.78.

Analysts Set New Price Targets

WIX has been the subject of a number of research reports. Canaccord Genuity Group reissued a "buy" rating and set a GBX 250 target price on shares of Wickes Group in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lowered shares of Wickes Group to a "sell" rating and cut their target price for the stock from GBX 205 to GBX 195 in a research report on Tuesday, August 26th. Shore Capital restated a "buy" rating on shares of Wickes Group in a report on Wednesday, September 10th. Finally, Citigroup cut their price objective on shares of Wickes Group from GBX 202 to GBX 200 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 215.

Insiders Place Their Bets

In other Wickes Group news, insider Michael Iddon bought 15,317 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average price of GBX 196 per share, with a total value of £30,021.32. Company insiders own 0.37% of the company's stock.

About Wickes Group

Wickes is one of the UK's best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber. Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market.

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