LBG Media (LON:LBG) Announces Quarterly Earnings Results

LBG Media (LON:LBG) posted its quarterly earnings results on Tuesday. The company reported GBX 0.60 EPS for the quarter, Digital Look Earnings reports. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. The firm had revenue of GBX 5,236 million for the quarter.

LBG Media Price Performance

Shares of LBG stock opened at GBX 24.60 on Wednesday. The firm has a market cap of £51.43 million, a P/E ratio of 4.92 and a beta of 0.58. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. LBG Media has a 1-year low of GBX 20.68 and a 1-year high of GBX 115.30. The firm has a fifty day moving average of GBX 43.65 and a two-hundred day moving average of GBX 67.12.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on shares of LBG Media from GBX 90 to GBX 45 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 45.

About LBG Media

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.