Mears Group (LON:MER) Releases Earnings Results

Mears Group (LON:MER) posted its quarterly earnings results on Tuesday. The company reported GBX 9.16 ($0.12) earnings per share for the quarter, Bloomberg Earnings reports.

LON:MER traded down GBX 6 ($0.08) during trading hours on Thursday, hitting GBX 265 ($3.46). The stock had a trading volume of 94,272 shares, compared to its average volume of 179,226. Mears Group has a one year low of GBX 220 ($2.87) and a one year high of GBX 400 ($5.23). The company has a debt-to-equity ratio of 45.23, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $299.43 million and a P/E ratio of 11.57. The firm has a 50 day moving average price of GBX 264.40.

The company also recently announced a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be paid a GBX 3.65 ($0.05) dividend. This represents a yield of 1.35%. The ex-dividend date is Thursday, October 3rd. Mears Group’s payout ratio is presently 0.79%.



A number of equities research analysts recently weighed in on MER shares. Liberum Capital reissued a “buy” rating on shares of Mears Group in a research note on Tuesday. Jefferies Financial Group dropped their price target on shares of Mears Group from GBX 380 ($4.97) to GBX 300 ($3.92) and set a “hold” rating for the company in a research note on Thursday. Peel Hunt reissued a “buy” rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research note on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 450 ($5.88) target price on shares of Mears Group in a research note on Tuesday.

About Mears Group

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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