IG Design Group (LON:IGR) Announces Quarterly Earnings Results

IG Design Group (LON:IGR) issued its quarterly earnings data on Tuesday. The company reported GBX 5.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. IG Design Group had a negative net margin of 23.57% and a negative return on equity of 56.70%. The company had revenue of £217.87 million during the quarter.

IG Design Group Stock Performance

IG Design Group stock opened at GBX 77 on Thursday. The stock has a market cap of £73.39 million, a P/E ratio of -0.29 and a beta of 0.75. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19. The stock has a 50 day moving average of GBX 70.38 and a 200-day moving average of GBX 58.75. IG Design Group has a 52 week low of GBX 44 and a 52 week high of GBX 95.

Insider Activity

In other news, insider John Gittins acquired 8,637 shares of IG Design Group stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of GBX 91 per share, for a total transaction of £7,859.67. Also, insider Rohan Cummings acquired 43,741 shares of IG Design Group stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of GBX 91 per share, for a total transaction of £39,804.31. Insiders purchased a total of 16,766,294 shares of company stock valued at $1,475,518,662 over the last three months. 3.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 price objective on shares of IG Design Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 150.

IG Design Group Company Profile

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life’s special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world’s biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.