AO World (LON:AO) Issues Earnings Results

AO World (LON:AO) announced its earnings results on Tuesday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. AO World had a return on equity of 18.96% and a net margin of 2.48%.

AO World Stock Performance

Shares of LON AO opened at GBX 100.80 on Thursday. The stock’s 50-day moving average is GBX 101.38 and its 200 day moving average is GBX 96.98. The stock has a market cap of £586.19 million, a price-to-earnings ratio of 22.99, a P/E/G ratio of -2.13 and a beta of 1.06. AO World has a 1-year low of GBX 77.15 and a 1-year high of GBX 120.40. The company has a current ratio of 0.95, a quick ratio of 0.48 and a debt-to-equity ratio of 43.05.

Insider Buying and Selling

In other AO World news, insider John Roberts sold 414,851 shares of AO World stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of GBX 97, for a total transaction of £402,405.47. Insiders have sold 718,053 shares of company stock worth $70,433,777 in the last quarter. 47.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Peel Hunt reissued a “buy” rating and set a GBX 137 price objective on shares of AO World in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of AO World to a “hold” rating and dropped their target price for the company from GBX 135 to GBX 105 in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 121.

About AO World

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services.