ME Group International (LON:MEGP) Releases Earnings Results

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

ME Group International Stock Performance

MEGP stock opened at GBX 105.20 on Friday. ME Group International has a 52-week low of GBX 98.50 and a 52-week high of GBX 230. The company has a market capitalization of £395.87 million, a P/E ratio of 7.06 and a beta of 0.48. The company has a fifty day moving average price of GBX 125.13 and a 200-day moving average price of GBX 136.30.

ME Group International declared that its Board of Directors has initiated a share repurchase program on Monday, March 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.