ITE Group (ITE) Announces Earnings Results

ITE Group (LON:ITE) posted its quarterly earnings data on Tuesday. The company reported GBX 4.90 ($0.06) EPS for the quarter, missing analysts’ consensus estimates of GBX 5 ($0.07) by GBX (0.10) ($0.00), Digital Look Earnings reports.

Shares of ITE opened at GBX 59.10 ($0.77) on Tuesday. ITE Group has a 12-month low of GBX 148 ($1.93) and a 12-month high of GBX 197 ($2.57).

ITE has been the topic of a number of recent analyst reports. Peel Hunt raised ITE Group to an “add” rating and reduced their price objective for the stock from GBX 85 ($1.11) to GBX 80 ($1.05) in a research note on Monday, October 22nd. Numis Securities reissued a “buy” rating on shares of ITE Group in a research note on Wednesday, October 3rd.

In other news, insider Andrew Beach purchased 33,500 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were acquired at an average price of GBX 60 ($0.78) per share, with a total value of £20,100 ($26,264.21). Also, insider Mark Shashoua purchased 30,000 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were purchased at an average cost of GBX 63 ($0.82) per share, for a total transaction of £18,900 ($24,696.20). Insiders have bought 143,500 shares of company stock worth $8,780,000 in the last ninety days.

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About ITE Group

ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.

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