Palace Capital (LON:PCA) released its earnings results on Tuesday. The company reported GBX 17.30 ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 15.90 ($0.21) by GBX 1.40 ($0.02), Digital Look Earnings reports.
PCA traded down GBX 2 ($0.03) during trading on Thursday, reaching GBX 274 ($3.58). The stock had a trading volume of 11,715 shares, compared to its average volume of 27,761. The stock has a market cap of $125.72 million and a PE ratio of 8.06. The company has a quick ratio of 1.15, a current ratio of 2.83 and a debt-to-equity ratio of 53.34. Palace Capital has a one year low of GBX 273 ($3.57) and a one year high of GBX 366 ($4.78).
The company also recently announced a dividend, which will be paid on Saturday, July 13th. Investors of record on Thursday, June 13th will be paid a GBX 4.75 ($0.06) dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 1.7%. Palace Capital’s dividend payout ratio is presently 0.56%.
Separately, Numis Securities started coverage on Palace Capital in a research note on Wednesday. They issued a “buy” rating and a GBX 350 ($4.57) target price on the stock.
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About Palace Capital
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.
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