Revolution Bars Group PLC (RBG) Releases Quarterly Earnings Results, Beats Expectations By $1.10 EPS
Revolution Bars Group PLC (LON:RBG) posted its quarterly earnings results on Tuesday. The company reported GBX 14.20 ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01), Bloomberg Earnings reports. Revolution Bars Group PLC had a net margin of 5.77% and a return on equity of 18.25%. The firm had revenue of GBX 1,304.70 billion during the quarter.
Revolution Bars Group PLC (LON RBG) opened at 210.00 on Tuesday. The stock’s market cap is GBX 105.00 million. Revolution Bars Group PLC has a 52-week low of GBX 99.00 and a 52-week high of GBX 247.96. The firm’s 50-day moving average is GBX 204.58 and its 200-day moving average is GBX 174.32.
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Several research analysts recently issued reports on RBG shares. Peel Hunt increased their price objective on Revolution Bars Group PLC from GBX 203 ($2.69) to GBX 215 ($2.85) and gave the stock a “hold” rating in a research note on Tuesday. FinnCap downgraded Revolution Bars Group PLC to a “hold” rating and raised their price objective for the stock from GBX 180 ($2.39) to GBX 203 ($2.69) in a report on Tuesday. Canaccord Genuity lifted their target price on Revolution Bars Group PLC from GBX 150 ($1.99) to GBX 220 ($2.92) and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 130 ($1.72) target price on shares of Revolution Bars Group PLC in a research report on Tuesday, July 25th.
Revolution Bars Group PLC Company Profile
Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.
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