Thomas Cook Group plc (TCG) Posts Quarterly Earnings Results, Misses Expectations By $0.40 EPS
Thomas Cook Group plc (LON:TCG) issued its quarterly earnings data on Wednesday. The travel company reported GBX 9.30 ($0.12) EPS for the quarter, missing the consensus estimate of GBX 9.70 ($0.13) by GBX (0.40) (($0.01)), Bloomberg Earnings reports. Thomas Cook Group plc had a negative net margin of 9.08% and a negative return on equity of 211.75%. The business had revenue of £900.70 billion for the quarter.
Thomas Cook Group plc (LON TCG) opened at GBX 111.30 ($1.46) on Wednesday. Thomas Cook Group plc has a 52 week low of GBX 70.40 ($0.93) and a 52 week high of GBX 127.60 ($1.68).
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TCG has been the subject of several analyst reports. HSBC Holdings PLC initiated coverage on Thomas Cook Group plc in a report on Monday. They set a “buy” rating and a GBX 140 ($1.84) price objective for the company. Shore Capital reiterated a “buy” rating on shares of Thomas Cook Group plc in a report on Tuesday, September 26th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 105 ($1.38) price objective on shares of Thomas Cook Group plc in a report on Wednesday, September 27th. Panmure Gordon reiterated a “sell” rating on shares of Thomas Cook Group plc in a report on Thursday, July 27th. Finally, Citigroup Inc. increased their price objective on Thomas Cook Group plc from GBX 80 ($1.05) to GBX 115 ($1.51) and gave the company a “neutral” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 103.44 ($1.36).
Thomas Cook Group plc Company Profile
Thomas Cook Group plc is a holiday company. The Company’s segments are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Its hotels and resort brands include Sentido, Sunprime, Sunwing, Sunconnect, Smartline and Casa Cook. It has airline operations in Belgium, Scandinavia and the United Kingdom.
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