Kitwave Group (LON:KITW) Issues Earnings Results

Kitwave Group (LON:KITW) announced its earnings results on Thursday. The company reported GBX 20.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%.

Kitwave Group Stock Performance

Shares of Kitwave Group stock opened at GBX 293 on Thursday. Kitwave Group has a one year low of GBX 195 and a one year high of GBX 338. The company has a market cap of £245.35 million, a PE ratio of 14.15 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. The business has a 50-day simple moving average of GBX 212.76 and a 200-day simple moving average of GBX 224.52.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 420 price target on shares of Kitwave Group in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 420.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers. Currently, the Group sells a broad portfolio of over 44,000 Ambient, Frozen & Chilled and Foodservice products.

The diverse customer base includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.