Inchcape (LON:INCH) Issues Quarterly Earnings Results

Inchcape (LON:INCH) posted its earnings results on Tuesday. The company reported GBX 71.30 ($0.92) earnings per share for the quarter, Digital Look Earnings reports. Inchcape had a return on equity of 17.60% and a net margin of 2.45%.

Inchcape Price Performance

Shares of LON INCH traded up GBX 10 ($0.13) during mid-day trading on Thursday, reaching GBX 731 ($9.42). The company had a trading volume of 1,981,437 shares, compared to its average volume of 1,969,197. Inchcape has a one year low of GBX 624 ($8.04) and a one year high of GBX 874 ($11.27). The business’s 50-day simple moving average is GBX 703.51 and its 200 day simple moving average is GBX 756.49. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The firm has a market cap of £2.87 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.06 and a beta of 1.19.

Insiders Place Their Bets

In other Inchcape news, insider Duncan Tait bought 6,948 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,124.36). Corporate insiders own 14.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a report on Thursday, January 23rd.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.