Braemar (LON:BMS) Releases Earnings Results

Braemar (LON:BMS) released its earnings results on Wednesday. The company reported GBX 9.30 EPS for the quarter, Digital Look Earnings reports. Braemar had a net margin of 3.03% and a return on equity of 5.78%.

Braemar Trading Down 1.7%

Shares of LON BMS traded down GBX 4 during midday trading on Thursday, reaching GBX 226. 145,483 shares of the stock were exchanged, compared to its average volume of 71,447. The business has a 50-day simple moving average of GBX 243.12 and a two-hundred day simple moving average of GBX 239.21. The company has a market capitalization of £68.86 million, a price-to-earnings ratio of 13.63 and a beta of 1.17. Braemar has a 12 month low of GBX 195 and a 12 month high of GBX 284. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 320 price target on shares of Braemar in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 320.

About Braemar

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers’ needs, and provide an integrated service supported by a collaborative culture.