FirstGroup (FGP) Issues Earnings Results

FirstGroup (LON:FGP) released its earnings results on Tuesday. The transport operator reported GBX 2.90 ($0.04) earnings per share for the quarter, Digital Look Earnings reports.

LON FGP traded down GBX 6.30 ($0.08) during trading on Thursday, reaching GBX 81.65 ($1.07). 2,868,940 shares of the company traded hands, compared to its average volume of 3,850,000. FirstGroup has a 1-year low of GBX 77.60 ($1.01) and a 1-year high of GBX 154.50 ($2.02).

FGP has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a GBX 100 ($1.31) price objective (down from GBX 111 ($1.45)) on shares of FirstGroup in a report on Thursday, August 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 110 ($1.44) price objective on shares of FirstGroup in a report on Friday, September 7th. Finally, JPMorgan Chase & Co. decreased their price objective on FirstGroup from GBX 163 ($2.13) to GBX 133 ($1.74) and set an “overweight” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 99 ($1.29).

In related news, insider Wolfhart Hauser acquired 11,691 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of GBX 85 ($1.11) per share, with a total value of £9,937.35 ($12,984.91). Insiders have acquired 33,009 shares of company stock worth $2,994,995 over the last ninety days.

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FirstGroup Company Profile

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

Further Reading: Compound Annual Growth Rate (CAGR)

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