Pendragon (PDG) Issues Earnings Results
Pendragon (LON:PDG) announced its quarterly earnings results on Tuesday. The company reported GBX 3.30 ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 3.20 ($0.04) by GBX 0.10 ($0.00), Digital Look Earnings reports. Pendragon had a return on equity of 18.25% and a net margin of 1.46%. The company had revenue of £47,391 billion during the quarter.
Shares of Pendragon (LON PDG) opened at GBX 24.90 ($0.34) on Thursday. Pendragon has a 12 month low of GBX 20.03 ($0.28) and a 12 month high of GBX 39.25 ($0.54). The company has a market capitalization of $350.33 and a price-to-earnings ratio of 622.50.
A number of research analysts have issued reports on the company. Liberum Capital reiterated a “hold” rating and set a GBX 26 ($0.36) price target on shares of Pendragon in a research report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 17 ($0.23) price target on shares of Pendragon in a research report on Wednesday. Canaccord Genuity reiterated a “hold” rating and set a GBX 26 ($0.36) price target on shares of Pendragon in a research report on Monday, December 4th. Berenberg Bank reissued a “hold” rating and issued a GBX 26 ($0.36) price objective on shares of Pendragon in a research note on Monday, December 4th. Finally, Jefferies Group downgraded Pendragon to a “hold” rating and dropped their price objective for the stock from GBX 55 ($0.76) to GBX 25 ($0.35) in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 24.17 ($0.33).
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Pendragon PLC is an automotive online retailer. The Company’s principal market activities are the retailing of used and new vehicles and the service and repair of vehicles (aftersales). Its segments are Stratstone, which consists of its vehicles, truck and commercial vans brand, including the sale of new and used motor cars, motorbikes, trucks and vans, together with associated aftersales activities; Evans Halshaw, which consists of its volume brand, including the sale of new and used motor vehicles and commercial vans; US Motor Group, which consists of its retail operations in California in the United States, including the sale of new and used motor cars; Pinewood, which consists of its activities as a dealer management systems provider; Leasing, which consists of its contract hire and leasing activities; Quickco, which consists of its wholesale parts distribution businesses, and Central, which represents its head office function and includes all central activities.
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