Trainline (LON:TRN) Announces Earnings Results

Trainline (LON:TRN) posted its earnings results on Wednesday. The company reported GBX 12.58 earnings per share for the quarter, Digital Look Earnings reports. Trainline had a return on equity of 10.88% and a net margin of 8.57%.

Trainline Price Performance

LON TRN traded up GBX 12.80 during trading on Wednesday, hitting GBX 267.20. 4,025,249 shares of the stock traded hands, compared to its average volume of 2,002,853. The company has a market capitalization of £1.07 billion, a P/E ratio of 21.11 and a beta of 1.64. The firm has a 50-day simple moving average of GBX 269.87 and a 200-day simple moving average of GBX 273.01. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. Trainline has a 12-month low of GBX 246.80 and a 12-month high of GBX 452.40.

Trainline declared that its board has authorized a stock repurchase plan on Thursday, September 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on TRN. Berenberg Bank reissued a “buy” rating and issued a GBX 490 target price on shares of Trainline in a report on Thursday, September 11th. Shore Capital reissued a “buy” rating on shares of Trainline in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 460 price objective on shares of Trainline in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Trainline from GBX 320 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 465 price objective on shares of Trainline in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Trainline currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 445.

Trainline Company Profile

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.