Halfords Group (LON:HFD) Posts Quarterly Earnings Results

Halfords Group (LON:HFD) announced its quarterly earnings results on Friday. The company reported GBX 15.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The company had revenue of GBX 180.17 billion for the quarter.

Halfords Group Stock Performance

HFD opened at GBX 218.50 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The company’s fifty day moving average price is GBX 166.17 and its two-hundred day moving average price is GBX 150.09. Halfords Group has a 1-year low of GBX 123.80 and a 1-year high of GBX 220. The company has a market cap of £476.06 million, a price-to-earnings ratio of -14.19, a PEG ratio of 2.80 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Shore Capital Group reiterated a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a report on Thursday. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and increased their target price for the stock from GBX 156 to GBX 170 in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 185.

About Halfords Group

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.