Mitie Group (LON:MTO) Announces Quarterly Earnings Results

Mitie Group (LON:MTO) posted its earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) EPS for the quarter, missing the consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)), Bloomberg Earnings reports. The business had revenue of £959.70 million during the quarter. Mitie Group had a net margin of 4.99% and a return on equity of 65.84%.

Shares of Mitie Group (MTO) traded up GBX 1.30 ($0.02) during trading hours on Wednesday, reaching GBX 196 ($2.64). 897,148 shares of the company were exchanged, compared to its average volume of 1,300,000. Mitie Group has a 1 year low of GBX 170 ($2.29) and a 1 year high of GBX 313.50 ($4.22).

The company also recently disclosed a dividend, which will be paid on Wednesday, February 7th. Investors of record on Thursday, December 21st will be given a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a yield of 0.66%.

Several equities analysts have issued reports on the company. Jefferies Group raised their price objective on Mitie Group from GBX 175 ($2.36) to GBX 220 ($2.96) and gave the stock an “underperform” rating in a report on Friday, August 11th. Liberum Capital reissued a “buy” rating and set a GBX 300 ($4.04) price target on shares of Mitie Group in a report on Wednesday, September 20th. Peel Hunt reissued a “hold” rating and set a GBX 253 ($3.41) price target on shares of Mitie Group in a report on Wednesday, September 20th. Numis Securities reissued a “reduce” rating and set a GBX 225 ($3.03) price target on shares of Mitie Group in a report on Thursday, September 21st. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 300 ($4.04) price target on shares of Mitie Group in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 237.25 ($3.19).

In related news, insider Derek Mapp purchased 40,000 shares of Mitie Group stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of GBX 204 ($2.75) per share, for a total transaction of £81,600 ($109,825.03).

COPYRIGHT VIOLATION NOTICE: “Mitie Group (LON:MTO) Announces Quarterly Earnings Results” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/12/07/mitie-group-plc-mto-issues-earnings-results.html.

Mitie Group Company Profile

Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.

Receive News & Ratings for Mitie Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply