Royal Mail (LON:RMG) Releases Quarterly Earnings Results, Misses Expectations By $2.10 EPS

Royal Mail (LON:RMG) posted its quarterly earnings data on Thursday. The company reported GBX 19.60 ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 21.70 ($0.28) by GBX (2.10) (($0.03)), Digital Look Earnings reports.

RMG opened at GBX 168 ($2.14) on Friday. The stock’s fifty day moving average is GBX 175.34 and its two-hundred day moving average is GBX 181.06. The company has a market capitalization of $1.58 billion and a P/E ratio of 5.06. Royal Mail has a 52 week low of GBX 118.86 ($1.51) and a 52 week high of GBX 258.60 ($3.29). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.

RMG has been the subject of several analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Friday. Credit Suisse Group reissued an “underperform” rating and set a GBX 95 ($1.21) price target on shares of Royal Mail in a research note on Wednesday, June 17th. Citigroup reissued a “buy” rating on shares of Royal Mail in a research note on Monday. Sanford C. Bernstein raised Royal Mail to a “market perform” rating and raised their price target for the stock from GBX 135 ($1.72) to GBX 165 ($2.10) in a research note on Monday, May 18th. Finally, Berenberg Bank reissued a “sell” rating on shares of Royal Mail in a research note on Thursday, June 11th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 159.25 ($2.03).

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

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