Palace Capital (LON:PCA – Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX (0.30) earnings per share (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 firm had revenue of GBX 355 million for the quarter.
Palace Capital Stock Performance
Shares of PCA stock opened at GBX 167 on Thursday. Palace Capital has a 1 year low of GBX 160 and a 1 year high of GBX 234. The stock has a market cap 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. The business’s fifty day moving average is GBX 171.58 and its 200-day moving average is GBX 193.91.
Palace Capital declared that its Board of Directors has initiated a stock repurchase plan on Friday, April 17th that permits the company to buyback 400,000,000,000 outstanding shares. This buyback authorization permits the company to purchase up to 2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are 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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