Currys (LON:CURY) Issues Earnings Results

Currys (LON:CURY) announced its quarterly earnings results on Tuesday. The company reported GBX 1.60 earnings per share for the quarter, Digital Look Earnings reports. Currys had a return on equity of 5.88% and a net margin of 1.46%.The firm had revenue of GBX 423 billion for the quarter.

Currys Stock Performance

Shares of LON CURY opened at GBX 152.60 on Wednesday. The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 13.16 and a beta of 1.27. Currys has a 1-year low of GBX 106 and a 1-year high of GBX 162.80. The stock’s 50-day moving average is GBX 139.11 and its 200 day moving average is GBX 138.32. The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08.

Trending Headlines about Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys reported quarterly EPS of GBX 1.60, with revenue of GBX 423 billion, indicating the business remains profitable and continues to generate substantial sales. Currys Stock Quote
• Positive Sentiment: The company’s 5.88% return on equity and 1.46% net margin suggest it is still producing acceptable returns despite a competitive retail environment. Currys Quarterly Earnings Report
• Neutral Sentiment: Most of the other headlines in the feed focus on NBA star Stephen Curry and unrelated entertainment/sports coverage, which should not affect Currys plc’s shares.

Analysts Set New Price Targets

CURY has been the subject of several recent analyst reports. Royal Bank Of Canada raised shares of Currys to an “outperform” rating and reduced their price objective for the company from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price target on shares of Currys in a report on Wednesday, May 20th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 210 price target on shares of Currys in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 174.

About Currys

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.