FirstGroup plc (FGP) Releases Earnings Results, Beats Estimates By $0.40 EPS

FirstGroup plc (LON:FGP) issued its quarterly earnings results on Tuesday. The transport operator reported GBX 1.90 ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 1.50 ($0.02) by GBX 0.40 ($0.01), Bloomberg Earnings reports. FirstGroup plc had a return on equity of 11.07% and a net margin of 3.46%. The business had revenue of £277.13 billion for the quarter.

Shares of FirstGroup plc (FGP) opened at GBX 107.50 ($1.41) on Tuesday. FirstGroup plc has a 12-month low of GBX 99.18 ($1.30) and a 12-month high of GBX 154.50 ($2.03).

In related news, insider Tim O’Toole purchased 7,175 shares of FirstGroup plc stock in a transaction on Monday, September 25th. The stock was bought at an average price of GBX 116 ($1.53) per share, with a total value of £8,323 ($10,946.99). Insiders acquired 22,104 shares of company stock valued at $2,500,963 in the last ninety days.

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FGP has been the topic of a number of research analyst reports. Liberum Capital reiterated a “buy” rating and set a GBX 165 ($2.17) price target on shares of FirstGroup plc in a report on Wednesday, July 19th. HSBC Holdings plc reissued a “hold” rating and set a GBX 160 ($2.10) price objective on shares of FirstGroup plc in a research report on Friday, November 3rd. Finally, Shore Capital reissued a “buy” rating on shares of FirstGroup plc in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 147.11 ($1.93).

About FirstGroup plc

FirstGroup plc is a transport operator in the United Kingdom and North America. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. The First Student is a provider of student transportation in North America and operates a fleet of over 47,000 school buses, with over six million student journeys per school day.

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