NEXT (LON:NXT) Posts Earnings Results

NEXT (LON:NXT) announced its quarterly earnings results on Thursday. The company reported GBX 615.10 ($7.92) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NEXT had a net margin of 13.77% and a return on equity of 55.99%.

NEXT Price Performance

Shares of NEXT stock traded up GBX 1,007.02 ($12.97) on Thursday, hitting £109.93 ($141.53). The company’s stock had a trading volume of 60,879,277 shares, compared to its average volume of 1,931,518. The company has a market capitalization of £12.94 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. NEXT has a 52-week low of GBX 8,598 ($110.70) and a 52-week high of £111.04 ($142.96). The firm has a fifty day moving average price of GBX 9,790.25 and a 200-day moving average price of GBX 9,860.26. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

NEXT Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be given a GBX 208 ($2.68) dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a dividend yield of 1.08%. This is a boost from NEXT’s previous dividend of $75.00. NEXT’s dividend payout ratio (DPR) is currently 32.49%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of NEXT in a report on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.