NEXT (LON:NXT) Announces Earnings Results

NEXT (LON:NXT) issued its quarterly earnings results on Thursday. The company reported GBX 615.10 ($7.92) earnings per share for the quarter, Digital Look Earnings reports. NEXT had a net margin of 13.77% and a return on equity of 55.99%.

NEXT Stock Performance

LON NXT traded up GBX 1,044 ($13.44) during trading on Thursday, reaching £110.30 ($142.01). 7,782,246 shares of the company’s stock were exchanged, compared to its average volume of 1,061,075. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The business has a 50 day moving average price of GBX 9,790.25 and a 200-day moving average price of GBX 9,860.26. The stock has a market capitalization of £12.98 billion, a P/E ratio of 16.59, a PEG ratio of 5.66 and a beta of 1.37. NEXT has a fifty-two week low of GBX 8,598 ($110.70) and a fifty-two week high of £111.04 ($142.96).

NEXT Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be paid a GBX 208 ($2.68) dividend. This is an increase from NEXT’s previous dividend of $75.00. This represents a yield of 1.08%. The ex-dividend date is Thursday, July 17th. NEXT’s dividend payout ratio (DPR) is 32.49%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of NEXT in a research report on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.