GlobalData (LON:DATA) Announces Quarterly Earnings Results

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

GlobalData Stock Down 2.4%

GlobalData stock opened at GBX 56.80 on Tuesday. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61. The stock has a market capitalization of £371.70 million, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The business has a 50 day simple moving average of GBX 78.66 and a 200-day simple moving average of GBX 84.79. GlobalData has a 12 month low of GBX 52.61 and a 12 month high of GBX 153.

GlobalData announced that its board has approved a share buyback plan on Tuesday, June 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Key Stories 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.

Insider Activity

In related news, insider Michael Danson sold 20,117,282 shares of GlobalData stock in a transaction on Thursday, August 13th. The shares were 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.

Analyst Ratings Changes

Several research firms recently issued reports on DATA. JPMorgan Chase & Co. decreased their target price on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Tuesday. Berenberg Bank dropped their price target on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut shares of GlobalData to a “buy” rating and lifted their price objective for the company from GBX 98 to GBX 170 in a report 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 148.75.

GlobalData Company Profile

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.