Midwich Group (LON:MIDW) Issues Earnings Results

Midwich Group (LON:MIDW) issued its earnings results on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%.

Midwich Group Stock Down 1.8 %

MIDW stock opened at GBX 221 ($2.87) on Thursday. The company’s 50 day simple moving average is GBX 256.49 and its 200-day simple moving average is GBX 283.56. The firm has a market capitalization of £222.24 million, a PE ratio of 9.83 and a beta of 0.66. Midwich Group has a 12 month low of GBX 214.30 ($2.79) and a 12 month high of GBX 450.13 ($5.86). The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78.

Midwich Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, May 22nd will be issued a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Midwich Group’s previous dividend of $5.50. This represents a yield of 3.15%. Midwich Group’s dividend payout ratio (DPR) is 75.59%.

Midwich Group Company Profile

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.