ITV (LON:ITV) Announces Quarterly Earnings Results

ITV (LON:ITV) issued its earnings results on Thursday. The broadcaster reported GBX 9.60 ($0.12) EPS for the quarter, Digital Look Earnings reports. ITV had a net margin of 12.11% and a return on equity of 23.62%.

ITV Stock Up 8.1 %

Shares of LON ITV traded up GBX 5.65 ($0.07) during midday trading on Thursday, reaching GBX 75.25 ($0.97). The company’s stock had a trading volume of 6,015,576 shares, compared to its average volume of 17,599,061. ITV has a fifty-two week low of GBX 61.29 ($0.79) and a fifty-two week high of GBX 89 ($1.15). The stock has a 50 day simple moving average of GBX 72.76 and a 200-day simple moving average of GBX 74.57. The stock has a market capitalization of £2.90 billion, a price-to-earnings ratio of 6.87, a PEG ratio of -0.53 and a beta of 1.44. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ITV shares. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of ITV from GBX 114 ($1.47) to GBX 115 ($1.48) and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup reiterated a “buy” rating on shares of ITV in a research report on Thursday, December 5th.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.