Topps Tiles (LON:TPT) Posts Quarterly Earnings Results

Topps Tiles (LON:TPT) posted its quarterly earnings results on Tuesday. The company reported GBX 6.61 ($0.09) EPS for the quarter, topping the consensus estimate of GBX 6.40 ($0.08) by GBX 0.21 ($0.00), Digital Look Earnings reports.

Shares of TPT stock traded up GBX 6.80 ($0.09) during trading on Tuesday, hitting GBX 72 ($0.94). 670,326 shares of the company were exchanged, compared to its average volume of 184,877. The company has a debt-to-equity ratio of 113.84, a quick ratio of 0.48 and a current ratio of 1.24. The firm has a market capitalization of $128.08 million and a price-to-earnings ratio of 16.74. The business’s 50-day simple moving average is GBX 70.68 and its 200 day simple moving average is GBX 69.04. Topps Tiles has a twelve month low of GBX 59.80 ($0.78) and a twelve month high of GBX 85 ($1.11).

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

Several analysts recently commented on TPT shares. Peel Hunt restated a “buy” rating and set a GBX 100 ($1.31) price target on shares of Topps Tiles in a report on Wednesday, October 2nd. Liberum Capital decreased their price target on shares of Topps Tiles from GBX 95 ($1.24) to GBX 85 ($1.11) and set a “buy” rating for the company in a report on Tuesday. Finally, Peel Hunt restated a “buy” rating on shares of Topps Tiles in a report 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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