Daily Mail and General Trust P L C (LON:DMGT) Posts Earnings Results, Beats Expectations By $1.10 EPS

Daily Mail and General Trust P L C (LON:DMGT) posted its quarterly earnings results on Thursday. The company reported GBX 38.60 ($0.50) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 37.50 ($0.49) by GBX 1.10 ($0.01), Bloomberg Earnings reports.

LON:DMGT opened at GBX 837 ($10.94) on Friday. The firm has a market capitalization of $1.78 billion and a P/E ratio of 4.84. The business has a 50 day simple moving average of GBX 841.94 and a 200 day simple moving average of GBX 793.28. The company has a debt-to-equity ratio of 27.34, a current ratio of 1.03 and a quick ratio of 0.50. Daily Mail and General Trust P L C has a 12-month low of GBX 555 ($7.25) and a 12-month high of GBX 897 ($11.72).

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, December 12th will be given a dividend of GBX 16.60 ($0.22) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 1.97%. This is a positive change from Daily Mail and General Trust P L C’s previous dividend of $7.30. Daily Mail and General Trust P L C’s payout ratio is currently 0.13%.

A number of research firms have commented on DMGT. Liberum Capital lifted their price objective on shares of Daily Mail and General Trust P L C from GBX 750 ($9.80) to GBX 870 ($11.37) and gave the stock a “hold” rating in a report on Tuesday, October 8th. Morgan Stanley increased their target price on shares of Daily Mail and General Trust P L C from GBX 800 ($10.45) to GBX 900 ($11.76) and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Goldman Sachs Group raised their price target on shares of Daily Mail and General Trust P L C from GBX 590 ($7.71) to GBX 709 ($9.26) and gave the stock a “sell” rating in a research report on Monday, October 28th. Berenberg Bank raised their price target on shares of Daily Mail and General Trust P L C from GBX 850 ($11.11) to GBX 950 ($12.41) and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Barclays reaffirmed an “underweight” rating on shares of Daily Mail and General Trust P L C in a report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 799.60 ($10.45).

In other Daily Mail and General Trust P L C news, insider Kevin Beatty sold 6,328 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of GBX 826 ($10.79), for a total value of £52,269.28 ($68,299.07). Over the last 90 days, insiders have purchased 47 shares of company stock valued at $39,549.

About Daily Mail and General Trust P L C

Daily Mail and General Trust plc, together with its subsidiaries, engages in digital, information, events, and media businesses in the United Kingdom, North America, rest of Europe, Australia, and internationally. The company provides risk models, software applications, and analytical data services for the risk and insurance industry; business-to-business information, analysis, and software for the property, education technology, and energy sectors; and organizes exhibitions and conferences focusing on the energy, construction, interiors, hotel, and hospitality and leisure sectors.

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