ME Group International (LON:MEGP) Announces Quarterly Earnings Results

ME Group International (LON:MEGP) posted its quarterly earnings results on Friday. The company reported GBX 6.79 earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a return on equity of 27.72% and a net margin of 17.94%.

ME Group International Trading Up 1.9%

MEGP traded up GBX 2 on Friday, reaching GBX 105.20. The stock had a trading volume of 608,122 shares, compared to its average volume of 3,294,435. The company has a market capitalization of £395.87 million, a price-to-earnings ratio of 7.06 and a beta of 0.48. ME Group International has a fifty-two week low of GBX 98.50 and a fifty-two week high of GBX 230. The firm has a 50-day moving average of GBX 126.09 and a 200-day moving average of GBX 136.52.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 220 target price on shares of ME Group International in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 220.

ME Group International declared that its Board of Directors has initiated a share repurchase program on Monday, March 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.