Mears Group (LON:MER) Announces Quarterly Earnings Results

Mears Group (LON:MER) released its quarterly earnings data on Thursday. The company reported GBX 37.12 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 23.94% and a net margin of 4.07%.

Mears Group Stock Performance

MER traded down GBX 0.50 on Thursday, reaching GBX 430. The company had a trading volume of 424,058 shares, compared to its average volume of 462,755. Mears Group has a fifty-two week low of GBX 310 and a fifty-two week high of GBX 452. The stock has a market cap of £342.23 million, a P/E ratio of 7.98, a P/E/G ratio of 0.68 and a beta of 0.47. The company’s fifty day moving average is GBX 417.90 and its 200 day moving average is GBX 383.46. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 565 target price on shares of Mears Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 520 price target on shares of Mears Group in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 506.

Insider Activity at Mears Group

In other Mears Group news, insider Andrew C. M. Smith sold 108,303 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total transaction of £434,295.03. Also, insider Lucas Critchley bought 9,217 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 416 per share, for a total transaction of £38,342.72. Company insiders own 1.79% of the company’s stock.

About Mears Group

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.