ME Group International (LON:MEGP) Releases Quarterly Earnings Results

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

ME Group International Trading Up 1.2%

Shares of MEGP opened at GBX 104.44 on Friday. The firm has a fifty day simple moving average of GBX 126.09 and a two-hundred day simple moving average of GBX 136.52. The firm has a market cap of £393.01 million, a PE ratio of 7.00 and a beta of 0.48. ME Group International has a 1-year low of GBX 98.50 and a 1-year high of GBX 230.

ME Group International announced that its board has approved a share repurchase program on Monday, March 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

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

ME Group International Company Profile

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.