ME Group International (LON:MEGP) Announces Quarterly Earnings Results

ME Group International (LON:MEGP) posted its quarterly earnings data on Monday. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.39% and a return on equity of 32.52%.

ME Group International Price Performance

Shares of MEGP opened at GBX 218.85 ($2.77) on Wednesday. ME Group International has a one year low of GBX 155.20 ($1.97) and a one year high of GBX 235.50 ($2.98). The firm has a 50 day simple moving average of GBX 210.71 and a two-hundred day simple moving average of GBX 206.42. The company has a market cap of £831.90 million, a P/E ratio of 15.72 and a beta of 1.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 270 ($3.42) price target on shares of ME Group International in a research report on Wednesday, December 4th. Canaccord Genuity Group upped their target price on ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the company a “buy” rating in a research report on Tuesday.

About ME Group International

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.