ME Group International (LON:MEGP) Posts Quarterly Earnings Results

ME Group International (LON:MEGP) released its quarterly earnings data on Monday. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.39% and a return on equity of 32.52%.

ME Group International Stock Up 2.5 %

Shares of ME Group International stock opened at GBX 221.50 ($2.80) on Tuesday. The company has a market cap of £841.96 million, a PE ratio of 15.91 and a beta of 1.20. ME Group International has a 52 week low of GBX 154.60 ($1.95) and a 52 week high of GBX 235.50 ($2.97). The business has a 50 day moving average price of GBX 210.71 and a 200-day moving average price of GBX 206.42.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 270 ($3.41) price target on shares of ME Group International in a research report on Wednesday, December 4th.

About ME Group International

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.