RS Group (LON:RS1) Releases Quarterly Earnings Results

RS Group (LON:RS1) posted its quarterly earnings data on Thursday. The company reported GBX 17.60 EPS for the quarter, Digital Look Earnings reports. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

RS Group Stock Performance

Shares of RS Group stock traded up GBX 21.20 on Thursday, reaching GBX 573.70. 5,771,205 shares of the stock were exchanged, compared to its average volume of 1,603,340. The business has a 50 day moving average price of GBX 563.42 and a two-hundred day moving average price of GBX 563.23. The firm has a market capitalization of £2.69 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.85 and a beta of 0.86. RS Group has a twelve month low of GBX 476.80 and a twelve month high of GBX 772. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26.

Wall Street Analysts Forecast Growth

RS1 has been the subject of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of RS Group in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price objective on shares of RS Group in a research note on Tuesday, September 30th. Finally, Berenberg Bank reduced their price objective on shares of RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 716.67.

About RS Group

RS Group plc is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 36 markets, stock over 800,000 technical and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers.