ME Group International (LON:MEGP) Issues Quarterly Earnings Results

ME Group International (LON:MEGP) issued its quarterly earnings results on Friday. The company reported GBX 6.79 earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.94% and a return on equity of 27.72%.

ME Group International Stock Performance

Shares of MEGP opened at GBX 105.20 on Friday. The stock has a market capitalization of £395.87 million, a PE ratio of 7.06 and a beta of 0.48. The company’s fifty day moving average is GBX 125.13 and its 200 day moving average is GBX 136.30. ME Group International has a fifty-two week low of GBX 98.50 and a fifty-two week high of GBX 230.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 220 target price on shares of ME Group International in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 220.

ME Group International declared that its board has authorized a share repurchase plan on Monday, March 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.