McCarthy & Stone (MCS) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

McCarthy & Stone (LON:MCS) issued its quarterly earnings data on Wednesday. The company reported GBX 1.70 ($0.02) EPS for the quarter, missing the consensus estimate of GBX 1.80 ($0.03) by GBX (0.10) ($0.00), Digital Look Earnings reports. McCarthy & Stone had a net margin of 13.44% and a return on equity of 15.67%.

Shares of McCarthy & Stone stock opened at GBX 133.10 ($1.88) on Thursday. McCarthy & Stone has a 1 year low of GBX 130.90 ($1.85) and a 1 year high of GBX 197.60 ($2.79).

The business also recently announced a dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 3rd will be given a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a yield of 1.44%.



In other McCarthy & Stone news, insider John Tonkiss purchased 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of GBX 135 ($1.91) per share, for a total transaction of £13,500 ($19,081.27).

Several brokerages have issued reports on MCS. Canaccord Genuity reiterated a “buy” rating and set a GBX 165 ($2.33) target price on shares of McCarthy & Stone in a research report on Wednesday. Peel Hunt dropped their target price on shares of McCarthy & Stone from GBX 185 ($2.61) to GBX 170 ($2.40) and set a “buy” rating for the company in a research report on Wednesday. Barclays reiterated an “underweight” rating and set a GBX 136 ($1.92) target price on shares of McCarthy & Stone in a research report on Wednesday, March 14th. Deutsche Bank reiterated a “buy” rating on shares of McCarthy & Stone in a research report on Friday, April 6th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 135 ($1.91) target price on shares of McCarthy & Stone in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 177 ($2.50).

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About McCarthy & Stone

McCarthy & Stone plc is a United Kingdom-based retirement house builder. The Company is the parent company of the McCarthy & Stone Group. Its subsidiaries include McCarthy & Stone Retirement Lifestyles Limited and McCarthy & Stone Management Services Limited. Ortus Homes is a trading name of the Company.

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