Angling Direct (LON:ANG) Issues Quarterly Earnings Results

Angling Direct (LON:ANG) issued its quarterly earnings results on Tuesday. The company reported GBX 2.81 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Angling Direct had a return on equity of 4.60% and a net margin of 1.86%.The firm had revenue of £103.90 million for the quarter.

Angling Direct Stock Down 4.3%

Shares of LON ANG traded down GBX 2.13 during trading on Tuesday, hitting GBX 47.38. 1,138,520 shares of the company traded hands, compared to its average volume of 88,918. The business’s fifty day moving average is GBX 50.58 and its 200 day moving average is GBX 51.85. Angling Direct has a fifty-two week low of GBX 40 and a fifty-two week high of GBX 60. The firm has a market capitalization of £34.38 million, a price-to-earnings ratio of 18.95 and a beta of 0.65. The company has a debt-to-equity ratio of 30.74, a quick ratio of 1.50 and a current ratio of 2.43.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 78 target price on shares of Angling Direct in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 78.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.