Compass Group (LON:CPG) Issues Earnings Results

Compass Group (LON:CPG) posted its earnings results on Tuesday. The company reported GBX 85.20 ($1.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 84.40 ($1.10) by GBX 0.80 ($0.01), Digital Look Earnings reports.

CPG stock opened at GBX 1,864 ($24.36) on Thursday. The company has a debt-to-equity ratio of 150.26, a current ratio of 0.85 and a quick ratio of 0.74. The stock has a market capitalization of $29.65 billion and a P/E ratio of 25.26. The business has a 50-day moving average of GBX 2,002.38 and a 200-day moving average of GBX 1,967.61. Compass Group has a fifty-two week low of GBX 20.62 ($0.27) and a fifty-two week high of GBX 2,150 ($28.09).

The company also recently disclosed a dividend, which will be paid on Monday, February 24th. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 26.90 ($0.35) per share. This is a boost from Compass Group’s previous dividend of $13.10. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, January 16th. Compass Group’s dividend payout ratio is currently 0.53%.

A number of research firms have issued reports on CPG. Barclays reissued an “equal weight” rating and issued a GBX 2,000 ($26.13) target price on shares of Compass Group in a research note on Thursday, October 10th. UBS Group reissued a “buy” rating on shares of Compass Group in a research note on Wednesday. Liberum Capital cut Compass Group to a “hold” rating and decreased their target price for the company from GBX 2,240 ($29.27) to GBX 2,000 ($26.13) in a research note on Wednesday. Shore Capital reissued a “hold” rating on shares of Compass Group in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Compass Group from GBX 2,100 ($27.44) to GBX 2,040 ($26.66) and set an “overweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,855.42 ($24.24).

About Compass Group

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.

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