Compass Group plc (CPG) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS
Compass Group plc (LON:CPG) released its quarterly earnings data on Tuesday. The company reported GBX 72.30 ($0.95) EPS for the quarter, topping the consensus estimate of GBX 71.90 ($0.95) by GBX 0.40 ($0.01), Bloomberg Earnings reports. Compass Group plc had a net margin of 5.42% and a return on equity of 46.40%. The business had revenue of £2,256.80 billion for the quarter.
Compass Group plc (LON CPG) traded down GBX 169.83 ($2.23) during trading hours on Thursday, reaching GBX 1,512 ($19.89). 4,646,185 shares of the company’s stock were exchanged, compared to its average volume of 3,560,000. Compass Group plc has a 52 week low of GBX 1,305 ($17.16) and a 52 week high of GBX 1,698 ($22.33).
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Several research firms recently commented on CPG. Peel Hunt reiterated a “buy” rating on shares of Compass Group plc in a research report on Monday, September 4th. Bryan, Garnier & Co reiterated a “neutral” rating and issued a GBX 1,550 ($20.39) price objective on shares of Compass Group plc in a research report on Tuesday, August 29th. Credit Suisse Group boosted their price objective on shares of Compass Group plc from GBX 1,870 ($24.60) to GBX 1,880 ($24.73) and gave the stock an “outperform” rating in a research report on Friday, November 10th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 1,620 ($21.31) price objective on shares of Compass Group plc in a research report on Thursday, July 27th. Finally, Canaccord Genuity boosted their price objective on shares of Compass Group plc from GBX 1,550 ($20.39) to GBX 1,630 ($21.44) and gave the stock a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,651.59 ($21.72).
In other news, insider Paul Walsh bought 10,000 shares of Compass Group plc stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of GBX 1,571 ($20.66) per share, for a total transaction of £157,100 ($206,628.96).
About Compass Group plc
Compass Group PLC provides food and support services. The Company’s segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
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