McCarthy & Stone plc (MCS) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS
McCarthy & Stone plc (LON:MCS) posted its quarterly earnings data on Tuesday. The company reported GBX 13.80 ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 14 ($0.18) by GBX (0.20) ($0.00), Bloomberg Earnings reports. McCarthy & Stone plc had a return on equity of 5.04% and a net margin of 7.39%. The business had revenue of GBX 6,609 billion during the quarter.
McCarthy & Stone plc (LON MCS) traded up GBX 6.90 ($0.09) during trading on Thursday, hitting GBX 163.50 ($2.15). The stock had a trading volume of 1,190,902 shares, compared to its average volume of 1,290,000. McCarthy & Stone plc has a 12 month low of GBX 143.90 ($1.89) and a 12 month high of GBX 199.60 ($2.63).
In other news, insider John White bought 100,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of GBX 158 ($2.08) per share, with a total value of £158,000 ($207,812.71).
Several brokerages recently weighed in on MCS. Deutsche Bank AG reissued a “buy” rating on shares of McCarthy & Stone plc in a research report on Monday, July 31st. Canaccord Genuity dropped their price target on shares of McCarthy & Stone plc from GBX 195 ($2.56) to GBX 187 ($2.46) and set a “buy” rating on the stock in a research note on Monday, August 7th. Peel Hunt restated a “buy” rating and set a GBX 220 ($2.89) target price on shares of McCarthy & Stone plc in a research note on Wednesday, September 6th. Numis Securities Ltd reduced their price target on shares of McCarthy & Stone plc from GBX 179 ($2.35) to GBX 164 ($2.16) and set a “hold” rating on the stock in a report on Tuesday. Finally, cut their price target on shares of McCarthy & Stone plc from GBX 179 ($2.35) to GBX 164 ($2.16) and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 199.89 ($2.63).
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McCarthy & Stone plc Company Profile
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