Mitie Group plc (MTO) Releases Quarterly Earnings Results, Misses Expectations By $1.80 EPS
Mitie Group plc (LON:MTO) released its quarterly earnings results on Monday. The company reported GBX 5.20 ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)), Bloomberg Earnings reports. The company had revenue of GBX 9,597 billion for the quarter. Mitie Group plc had a return on equity of 65.84% and a net margin of 4.99%.
Mitie Group plc (LON MTO) opened at GBX 208.50 ($2.74) on Wednesday. Mitie Group plc has a 12-month low of GBX 165 ($2.17) and a 12-month high of GBX 313.50 ($4.12).
Several analysts have weighed in on MTO shares. Liberum Capital reissued a “buy” rating and issued a GBX 300 ($3.95) target price on shares of Mitie Group plc in a report on Friday, November 10th. Jefferies Group LLC increased their price objective on Mitie Group plc from GBX 175 ($2.30) to GBX 220 ($2.89) and gave the company an “underperform” rating in a research note on Friday, August 11th. Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 225 ($2.96) price objective on shares of Mitie Group plc in a research note on Thursday, September 21st. Peel Hunt reaffirmed a “hold” rating and set a GBX 253 ($3.33) price objective on shares of Mitie Group plc in a research note on Tuesday, November 14th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 300 ($3.95) price target on shares of Mitie Group plc in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 241 ($3.17).
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About Mitie Group plc
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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