AO World (LON:AO) Posts Quarterly Earnings Results

AO World (LON:AO) released its earnings results on Tuesday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. AO World had a return on equity of 18.96% and a net margin of 2.48%.

AO World Stock Down 0.8%

Shares of LON AO opened at GBX 99.10 on Tuesday. The stock has a market cap of £576.30 million, a P/E ratio of 22.60, a P/E/G ratio of -2.13 and a beta of 1.06. The firm has a 50 day moving average price of GBX 101.15 and a 200 day moving average price of GBX 96.97. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95. AO World has a 52-week low of GBX 77.15 and a 52-week high of GBX 120.40.

Analyst Upgrades and Downgrades

AO has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 137 price objective on shares of AO World in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft cut shares of AO World to a “hold” rating and lowered their price target for the stock from GBX 135 to GBX 105 in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, AO World has an average rating of “Moderate Buy” and a consensus target price of GBX 121.

Insider Buying and Selling at AO World

In related news, insider John Roberts sold 414,851 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of GBX 97, for a total value of £402,405.47. Also, insider Chris Hopkinson sold 500,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of GBX 88, for a total value of £440,000. Over the last quarter, insiders sold 1,218,053 shares of company stock worth $114,433,777. Company insiders own 47.09% of the company’s stock.

About AO World

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services.