Wickes Group (LON:WIX) Posts Earnings Results

Key Points

• Wickes Group reported earnings of GBX 10 per share for the quarter, along with a return on equity of 19.39% and a net margin of 2.01%.
• The company's stock has seen a price increase of 1.1%, with current stock openings at GBX 197.40 and a market capitalization of £457.29 million.
• While analysts are divided on the stock's performance, Canaccord Genuity maintains a "buy" rating with a target price of GBX 250, while Deutsche Bank has downgraded it to a "sell" with a lower target of GBX 195.

Wickes Group (LON:WIX - Get Free Report) released its quarterly earnings results on Wednesday. The company reported GBX 10 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 Trading Up 0.3%

LON:WIX traded up GBX 0.60 during trading hours on Monday, reaching GBX 196.80. 3,156,681 shares of the company were exchanged, compared to its average volume of 1,355,876. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The firm has a market cap of £455.90 million, a price-to-earnings ratio of 2,624.00, a PEG ratio of 0.79 and a beta of 0.78. Wickes Group has a 52-week low of GBX 142.30 and a 52-week high of GBX 236. The stock has a 50 day simple moving average of GBX 214.88 and a 200 day simple moving average of GBX 203.68.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Wickes Group from GBX 202 to GBX 200 and set a "neutral" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Wickes Group to a "sell" rating and reduced their price objective for the company from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 250 price objective on shares of Wickes Group in a research note on Wednesday, September 10th. Finally, Shore Capital reissued a "buy" rating on shares of Wickes Group in a research note on Wednesday, September 10th. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 215.

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.