Mears Group (LON:MER) Issues Earnings Results

Mears Group (LON:MER) posted its quarterly earnings results on Thursday. The company reported GBX 37.12 earnings per share for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 23.94% and a net margin of 4.07%.

Mears Group Stock Performance

LON MER traded down GBX 0.50 on Thursday, reaching GBX 430. 424,058 shares of the company’s stock traded hands, compared to its average volume of 462,755. Mears Group has a fifty-two week low of GBX 310 and a fifty-two week high of GBX 452. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79. The firm has a market cap of £342.23 million, a price-to-earnings ratio of 7.98, a P/E/G ratio of 0.68 and a beta of 0.47. The stock has a 50 day moving average price of GBX 417.90 and a 200-day moving average price of GBX 383.46.

Analyst Ratings Changes

Several brokerages have recently issued reports on MER. Berenberg Bank restated a “buy” rating and issued a GBX 565 price objective on shares of Mears Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 target price on shares of Mears Group in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 506.

Insider Activity

In other Mears Group news, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £434,295.03. Also, insider Lucas Critchley acquired 9,217 shares of Mears Group stock in a transaction on Friday, May 22nd. The shares were bought at an average price of GBX 416 per share, with a total value of £38,342.72. 1.79% of the stock is currently owned by company insiders.

Mears Group Company Profile

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.