Sports Direct International (SPD) Releases Earnings Results
Sports Direct International (LON:SPD) released its earnings results on Thursday. The company reported GBX 11.30 ($0.15) earnings per share for the quarter, Bloomberg Earnings reports. Sports Direct International had a return on equity of 20.61% and a net margin of 8.60%. The company had revenue of £171.46 billion during the quarter.
Sports Direct International (LON:SPD) opened at GBX 352.80 ($4.75) on Thursday. Sports Direct International has a 52-week low of GBX 266.84 ($3.59) and a 52-week high of GBX 424.40 ($5.71).
SPD has been the subject of a number of recent research reports. Peel Hunt reissued an “add” rating and issued a GBX 400 ($5.38) target price on shares of Sports Direct International in a research note on Tuesday, December 5th. Liberum Capital lowered Sports Direct International to a “hold” rating and upped their price target for the company from GBX 380 ($5.11) to GBX 400 ($5.38) in a research report on Wednesday, September 6th. Finally, Jefferies Group lowered Sports Direct International to an “underperform” rating and upped their price target for the company from GBX 265 ($3.57) to GBX 290 ($3.90) in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Sports Direct International presently has a consensus rating of “Hold” and a consensus price target of GBX 329 ($4.43).
Sports Direct International Company Profile
Sports Direct International plc is a sporting goods retailer, and it operates a portfolio of sports, fitness, fashion and lifestyle fascias, and brands. The Company’s segments include Sports Retail, Brands and Premium Lifestyle. Its Sports Retail segment includes the results of the United Kingdom and international retail network of sports stores along with related Websites.
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