Inchcape (LON:INCH) Posts Quarterly Earnings Results

Inchcape (LON:INCH) released its earnings results on Tuesday. The company reported GBX 71.30 ($0.92) EPS for the quarter, Digital Look Earnings reports. Inchcape had a return on equity of 17.60% and a net margin of 2.45%.

Inchcape Stock Up 1.7 %

Shares of LON:INCH traded up GBX 12 ($0.15) on Thursday, hitting GBX 733 ($9.45). 1,962,857 shares of the company traded hands, compared to its average volume of 1,968,793. The stock has a 50 day simple moving average of GBX 703.51 and a 200-day simple moving average of GBX 756.49. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The company has a market cap of £2.88 billion, a PE ratio of 11.71, a PEG ratio of 2.06 and a beta of 1.19. Inchcape has a 52 week low of GBX 624 ($8.04) and a 52 week high of GBX 874 ($11.27).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Inchcape to a “neutral” rating in a research report on Thursday, January 23rd. Citigroup restated a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th.

Insider Buying and Selling

In other Inchcape news, insider Duncan Tait bought 6,948 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,124.36). 14.84% of the stock is currently owned by company insiders.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.