Future (LON:FUTR) Trading 3.2% Higher – What’s Next?

Future plc (LON:FUTR)’s share price was up 3.2% during trading on Wednesday . The company traded as high as GBX 980 ($12.50) and last traded at GBX 980 ($12.50). Approximately 338,048 shares traded hands during trading, a decline of 23% from the average daily volume of 438,945 shares. The stock had previously closed at GBX 950 ($12.12).

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Future to a “sell” rating and upped their price objective for the company from GBX 660 ($8.42) to GBX 733 ($9.35) in a report on Friday, August 9th. Shore Capital restated a “buy” rating on shares of Future in a research report on Thursday, September 19th.

Future Trading Up 3.2 %

The company has a debt-to-equity ratio of 32.94, a current ratio of 0.78 and a quick ratio of 0.60. The business’s 50-day moving average is GBX 923.72 and its 200 day moving average is GBX 1,011.74. The firm has a market capitalization of £1.22 billion, a P/E ratio of 1,475.00, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01.

Future Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 16th will be issued a GBX 3.40 ($0.04) dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 0.35%. Future’s dividend payout ratio is presently 394.74%.

About Future

Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.