AO World (LON:AO) Announces Quarterly Earnings Results

AO World (LON:AO) posted its earnings results on Wednesday. The company reported GBX 6.36 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 126.66 billion for the quarter. AO World had a return on equity of 7.92% and a net margin of 0.98%.

AO World Stock Performance

Shares of AO World stock opened at GBX 91.50 on Thursday. AO World has a one year low of GBX 77.15 and a one year high of GBX 120.40. The company has a market cap of £532.10 million, a price-to-earnings ratio of 20.86, a PEG ratio of -2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 41.38, a quick ratio of 0.48 and a current ratio of 1.02. The business’s 50 day moving average price is GBX 90.39 and its 200 day moving average price is GBX 98.06.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 160 price target on shares of AO World in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, AO World currently has a consensus rating of “Moderate Buy” and an average price target of GBX 134.

Insider Buying and Selling

In related news, insider John Roberts sold 5,359,056 shares of AO World stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 90, for a total transaction of £4,823,150.40. Insiders own 47.09% of the company’s stock.

More AO World News

Here are the key news stories impacting AO World this week:

• Positive Sentiment: AO World reported record annual profit, with quarterly EPS of GBX 6.36, revenue of GBX 126.66 billion, a 0.98% net margin and 7.92% return on equity, reinforcing the view that the business is still generating solid earnings momentum. Article Title
• Positive Sentiment: The company also proposed about $27 million in shareholder returns, which can be interpreted as a sign of confidence in cash generation and capital discipline. Article Title
• Positive Sentiment: Jefferies reaffirmed its buy rating and lifted its price target to GBX 160, which may help investor confidence in the stock’s upside potential. Article Title

AO World Company Profile

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. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.