Palace Capital (LON:PCA – Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX (0.30) earnings per share for the quarter, Digital Look Earnings reports. Palace Capital had a net margin of 28.80% and a return on equity of 4.33%. The firm had revenue of GBX 355 million for the quarter.
Palace Capital Price Performance
PCA opened at GBX 166.35 on Friday. The company’s 50-day moving average is GBX 171.30 and its 200 day moving average is GBX 193.60. Palace Capital has a fifty-two week low of GBX 160 and a fifty-two week high of GBX 234. The firm has a market capitalization of £32.48 million, a P/E ratio of 20.04, a PEG ratio of 3.37 and a beta of 0.13.
Palace Capital declared that its board has authorized a share repurchase plan on Friday, April 17th that permits the company to buyback 400,000,000,000 outstanding shares. This buyback authorization permits the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Palace Capital Company Profile
Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London
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