Wickes Group (LON:WIX) Issues Quarterly Earnings Results

Wickes Group (LON:WIX) released its quarterly earnings results on Thursday. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%.

Wickes Group Price Performance

Shares of LON:WIX opened at GBX 173.60 ($2.24) on Friday. The company has a market capitalization of £411.03 million, a P/E ratio of 14.03, a P/E/G ratio of 0.79 and a beta of 0.78. Wickes Group has a 1-year low of GBX 130.60 ($1.69) and a 1-year high of GBX 186 ($2.40). The firm’s 50 day simple moving average is GBX 167.58 and its two-hundred day simple moving average is GBX 161.52. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58.

Wickes Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 6th. Investors of record on Thursday, April 24th will be issued a GBX 7.30 ($0.09) dividend. This represents a yield of 4.01%. This is a positive change from Wickes Group’s previous dividend of $3.60. The ex-dividend date is Thursday, April 24th. Wickes Group’s dividend payout ratio is currently 88.93%.

Analyst Ratings Changes

WIX has been the subject of several research reports. Shore Capital reaffirmed a “not rated” rating on shares of Wickes Group in a research report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 198 ($2.56) price target on shares of Wickes Group in a research report on Thursday.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.