GlobalData (LON:DATA) Releases Quarterly Earnings Results

GlobalData (LON:DATA) issued its quarterly earnings data on Monday. The company reported GBX 2.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. GlobalData had a net margin of 10.84% and a return on equity of 12.09%.

GlobalData Stock Down 2.7%

Shares of LON:DATA opened at GBX 56.60 on Tuesday. The stock has a market cap of £370.39 million, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The firm’s 50 day moving average price is GBX 78.66 and its 200 day moving average price is GBX 84.79. GlobalData has a fifty-two week low of GBX 52.61 and a fifty-two week high of GBX 153. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 71.69.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DATA shares. Berenberg Bank dropped their target price on GlobalData from GBX 105 to GBX 90 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered GlobalData to a “buy” rating and boosted their price target for the stock from GBX 98 to GBX 170 in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, GlobalData presently has an average rating of “Moderate Buy” and an average target price of GBX 148.75.

Insider Activity at GlobalData

In related news, insider Michael Danson sold 20,117,282 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total value of £17,099,689.70. 67.14% of the stock is owned by company insiders.

Key Headlines Impacting GlobalData

Here are the key news stories impacting GlobalData this week:

• Positive Sentiment: Deutsche Bank now assigns GlobalData a “buy” rating and raised its price target sharply to GBX 170 from GBX 98. If the broker’s valuation proves accurate, this implies substantial potential upside from the current trading level.
• Positive Sentiment: GlobalData cancelled a further 100,000 shares under its buyback programme. Reducing the share count can support earnings per share and signals that management continues to view the shares as attractively valued. GlobalData Cancels 100,000 Shares Under Ongoing Buyback Programme
• Neutral Sentiment: GlobalData reported quarterly earnings per share of GBX 2.70, with a 10.84% net margin and 12.09% return on equity. The release provides evidence of profitability, although the supplied update does not indicate whether results exceeded expectations or include a significant change to guidance. GlobalData Earnings Slide Deck
• Negative Sentiment: JPMorgan lowered its price target to GBX 90 from GBX 110 and maintained a “neutral” rating, reducing the broker’s expected upside and adding valuation pressure. JPMorgan GlobalData Price Target Update
• Negative Sentiment: Berenberg also cut its target to GBX 90 from GBX 105, although it retained a “buy” rating. The lower target indicates more conservative expectations despite continued confidence in the longer-term investment case.

GlobalData announced that its board has authorized a share repurchase program on Tuesday, June 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.