Compass Group (LON:CPG) Announces Quarterly Earnings Results

Compass Group (LON:CPG) released its quarterly earnings data on Tuesday. The company reported GBX 85.20 ($1.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 84.40 ($1.10) by GBX 0.80 ($0.01), Digital Look Earnings reports.

CPG stock traded up GBX 6 ($0.08) during trading on Thursday, reaching GBX 1,881.50 ($24.59). 1,588,774 shares of the company’s stock were exchanged, compared to its average volume of 3,910,000. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 150.26. Compass Group has a 1-year low of GBX 20.62 ($0.27) and a 1-year high of GBX 2,150 ($28.09). The company’s fifty day moving average price is GBX 2,002.38 and its 200-day moving average price is GBX 1,967.61. The firm has a market cap of $29.65 billion and a PE ratio of 25.49.

The business also recently disclosed a dividend, which will be paid on Monday, February 24th. Investors of record on Thursday, January 16th will be given a dividend of GBX 26.90 ($0.35) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a yield of 1.4%. This is a positive change from Compass Group’s previous dividend of $13.10. Compass Group’s payout ratio is currently 0.53%.

Several research analysts have issued reports on the company. Barclays reiterated an “equal weight” rating and issued a GBX 2,000 ($26.13) price objective on shares of Compass Group in a research report on Thursday, October 10th. Liberum Capital cut Compass Group to a “hold” rating and cut their price objective for the stock from GBX 2,240 ($29.27) to GBX 2,000 ($26.13) in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Compass Group from GBX 2,100 ($27.44) to GBX 2,040 ($26.66) and set an “overweight” rating for the company in a research report on Wednesday. UBS Group restated a “buy” rating on shares of Compass Group in a research report on Wednesday. Finally, Shore Capital restated a “hold” rating on shares of Compass Group in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,855.42 ($24.24).

About Compass Group

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.

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