Time Finance (LON:TIME) Issues Quarterly Earnings Results

Time Finance (LON:TIME) issued its quarterly earnings data on Thursday. The company reported GBX 6.76 EPS for the quarter, Digital Look Earnings reports. Time Finance had a return on equity of 8.28% and a net margin of 16.11%. The firm had revenue of GBX 3,849 million for the quarter.

Time Finance Stock Performance

Shares of TIME traded down GBX 0.90 during midday trading on Thursday, reaching GBX 58. 126,024 shares of the stock were exchanged, compared to its average volume of 235,368. The stock’s 50 day simple moving average is GBX 57.93 and its 200 day simple moving average is GBX 50.56. The company has a market cap of £53.17 million, a P/E ratio of 8.83 and a beta of 0.89. Time Finance has a twelve month low of GBX 40.11 and a twelve month high of GBX 60. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76.

Time Finance Company Profile

Time Finance’s purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.

Time offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focused on being an ‘own-book’ lender, Time does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.

Operating from four locations across the UK – Bath, Birchwood, Manchester and Reading – Time has a lending book of over £200m and helps thousands of UK businesses.

More investor specific information is available on the Company’s investor hub – investors.timefinance.com – with more general information to be found on the Company’s main website: www.timefinance.com.