Palace Capital (LON:PCA – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (0.30) EPS 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 business had revenue of GBX 355 million during the quarter.
Palace Capital Stock Performance
LON PCA opened at GBX 167 on Thursday. Palace Capital has a one year low of GBX 160 and a one year high of GBX 234. The company has a 50-day simple moving average of GBX 171.58 and a 200-day simple moving average of GBX 193.91. The firm has a market capitalization of £32.61 million, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.37 and a beta of 0.13.
Palace Capital declared that its board has approved a stock buyback plan on Friday, April 17th that allows the company to repurchase 400,000,000,000 shares. This repurchase authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is 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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