Currys (LON:CURY) Posts Earnings Results

Currys (LON:CURY) announced its quarterly earnings data on Tuesday. The company reported GBX 1.60 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 423 billion during the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%.

Currys Stock Performance

Shares of CURY opened at GBX 157.90 on Thursday. The firm has a fifty day moving average of GBX 139.56 and a 200-day moving average of GBX 138.49. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 13.61 and a beta of 1.27. The company has a debt-to-equity ratio of 40.08, a quick ratio of 0.29 and a current ratio of 0.87. Currys has a 1 year low of GBX 106 and a 1 year high of GBX 162.80.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada raised Currys to an “outperform” rating and reduced their target price for the stock from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 target price on shares of Currys in a report on Wednesday, May 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 210 price target on shares of Currys in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 174.

Key Currys News

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys reported quarterly earnings with EPS of GBX 1.60 and revenue of GBX 423 billion, giving investors a fresh fundamental update that may be supporting the share price. Currys earnings update
• Neutral Sentiment: Recent articles about NBA player Stephen Curry and the Golden State Warriors are not related to Currys plc’s business and are unlikely to have a direct impact on the stock. NBA Draft article
• Neutral Sentiment: The company’s recent earnings profile showed modest profitability, with a net margin of 1.46% and return on equity of 5.88%, which suggests the market may be reassessing the stock on execution rather than major new surprises. Currys financial metrics

About Currys

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.