Thomas Cook Group (TCG) Issues Quarterly Earnings Results, Misses Estimates By $7.40 EPS

Thomas Cook Group (LON:TCG) posted its quarterly earnings results on Thursday. The travel company reported GBX (0.30) ($0.00) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 7.10 ($0.09) by GBX (7.40) (($0.10)), Digital Look Earnings reports.

Shares of Thomas Cook Group stock opened at GBX 30.10 ($0.39) on Friday. Thomas Cook Group has a 12-month low of GBX 83.25 ($1.09) and a 12-month high of GBX 132.20 ($1.73).

A number of research analysts have issued reports on the stock. Berenberg Bank cut shares of Thomas Cook Group to a “sell” rating and dropped their target price for the company from GBX 100 ($1.31) to GBX 65 ($0.85) in a report on Monday, October 1st. Shore Capital cut shares of Thomas Cook Group to a “hold” rating in a report on Monday, September 24th. UBS Group raised shares of Thomas Cook Group to a “neutral” rating and dropped their target price for the company from GBX 85 ($1.11) to GBX 60 ($0.78) in a report on Thursday, September 27th. Credit Suisse Group dropped their target price on shares of Thomas Cook Group from GBX 158 ($2.06) to GBX 140 ($1.83) and set an “outperform” rating for the company in a report on Tuesday, September 11th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Thomas Cook Group in a report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 102.90 ($1.34).

In related news, insider Frank Meysman bought 100,000 shares of the company’s stock in a transaction on Tuesday, September 25th. The stock was bought at an average cost of GBX 60 ($0.78) per share, with a total value of £60,000 ($78,400.63).

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Thomas Cook Group Company Profile

Thomas Cook Group plc provides leisure travel services in the United Kingdom, Continental Europe, Northern Europe, and Germany. The company operates through Group Tour Operator and Group Airline segments. It owns, manages, or franchises 190 own-brand hotels in 16 countries under the Casa Cook, Sunwing, Sunprime, Sunconnect, Sentido, Smartline, and Aldiana brands, as well as partner hotels.

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