ME Group International (LON:MEGP) Announces Earnings Results

ME Group International (LON:MEGP) posted its quarterly earnings results on Friday. The company reported GBX 6.79 EPS for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.94% and a return on equity of 27.72%.

ME Group International Trading Up 1.9%

LON:MEGP traded up GBX 2 on Friday, reaching GBX 105.20. 821,906 shares of the stock traded hands, compared to its average volume of 3,296,344. The company’s fifty day simple moving average is GBX 126.09 and its 200 day simple moving average is GBX 136.52. The company has a market capitalization of £395.87 million, a price-to-earnings ratio of 7.06 and a beta of 0.48. ME Group International has a 12 month low of GBX 98.50 and a 12 month high of GBX 230.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 220 price target on shares of ME Group International in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, ME Group International presently has an average rating of “Buy” and an average price target of GBX 220.

ME Group International announced that its Board of Directors has approved a stock buyback plan on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.