Arrow Global Group (ARW) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS
Arrow Global Group (LON:ARW) issued its earnings results on Thursday. The company reported GBX 32.40 ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 32.50 ($0.45) by GBX (0.10) ($0.00), Bloomberg Earnings reports. The business had revenue of £3,190.10 billion during the quarter. Arrow Global Group had a net margin of 15.00% and a return on equity of 28.85%.
Shares of Arrow Global Group (ARW) opened at GBX 350 ($4.84) on Friday. The firm has a market cap of $613.43 and a P/E ratio of 2,187.50. Arrow Global Group has a 52-week low of GBX 297.94 ($4.12) and a 52-week high of GBX 480 ($6.63).
The company also recently declared a dividend, which will be paid on Friday, July 6th. Investors of record on Thursday, May 31st will be given a GBX 8.10 ($0.11) dividend. This represents a dividend yield of 2.04%. This is an increase from Arrow Global Group’s previous dividend of $3.20. The ex-dividend date of this dividend is Thursday, May 31st.
ARW has been the topic of several recent research reports. Shore Capital reaffirmed a “buy” rating on shares of Arrow Global Group in a research note on Thursday, November 9th. Peel Hunt reiterated a “buy” rating and issued a GBX 495 ($6.84) price target on shares of Arrow Global Group in a research report on Thursday, November 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 ($6.91) price target on shares of Arrow Global Group in a research report on Friday, November 10th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 537 ($7.42) price target on shares of Arrow Global Group in a research report on Tuesday, November 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 464.17 ($6.41).
About Arrow Global Group
Arrow Global Group Plc is a United Kingdom-based company engaged in purchase, collection and servicing of non-performing loans. The Company identifies, acquires and manages secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.
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