Topps Tiles (LON:TPT) Posts Earnings Results, Beats Expectations By $0.21 EPS

Topps Tiles (LON:TPT) released its quarterly earnings data on Tuesday. The company reported GBX 6.61 ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 6.40 ($0.08) by GBX 0.21 ($0.00), Digital Look Earnings reports.

Shares of LON:TPT traded up GBX 2.80 ($0.04) during trading on Thursday, reaching GBX 72.20 ($0.94). 116,389 shares of the company traded hands, compared to its average volume of 184,877. The firm has a market capitalization of $134.99 million and a price-to-earnings ratio of 16.79. Topps Tiles has a 52-week low of GBX 57.32 ($0.75) and a 52-week high of GBX 85 ($1.11). The company has a current ratio of 1.24, a quick ratio of 0.48 and a debt-to-equity ratio of 113.84. The business’s fifty day moving average is GBX 70.84 and its 200-day moving average is GBX 69.02.

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 3.19%. The ex-dividend date is Thursday, December 19th. This is a positive change from Topps Tiles’s previous dividend of $1.10. Topps Tiles’s dividend payout ratio is 0.70%.

A number of analysts have recently weighed in on TPT shares. Liberum Capital dropped their price objective on Topps Tiles from GBX 95 ($1.24) to GBX 85 ($1.11) and set a “buy” rating for the company in a research note on Tuesday. Peel Hunt reissued a “buy” rating and set a GBX 100 ($1.31) price objective on shares of Topps Tiles in a research note on Wednesday, October 2nd. Finally, Peel Hunt reissued a “buy” rating on shares of Topps Tiles in a research note on Tuesday.

About Topps Tiles

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for homeowners and tile fitters in the United Kingdom. The company offers bathroom, kitchen, floor, wall, and mosaic tiles. It also provides adhesives and grouts; and tools and essentials, such as trims, underfloor heating products, cutters, tools and accessories, cleaning and maintenance products, underfloor heating products, and wet room products.

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