Inchcape (LON:INCH) Announces Earnings Results

Inchcape (LON:INCH) released its quarterly earnings data on Tuesday. The company reported GBX 71.30 ($0.92) EPS for the quarter, Digital Look Earnings reports. Inchcape had a net margin of 2.45% and a return on equity of 17.60%.

Inchcape Trading Up 1.0 %

Inchcape stock traded up GBX 7 ($0.09) during mid-day trading on Thursday, hitting GBX 728 ($9.38). The company’s stock had a trading volume of 1,049,660 shares, compared to its average volume of 1,948,941. The stock’s fifty day moving average is GBX 703.51 and its two-hundred day moving average is GBX 756.49. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. The firm has a market capitalization of £2.86 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a 1 year low of GBX 624 ($8.04) and a 1 year high of GBX 874 ($11.27).

Insider Transactions at Inchcape

In other Inchcape news, insider Duncan Tait purchased 6,948 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,124.36). Company insiders own 14.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered Inchcape to a “neutral” rating in a research note on Thursday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a report on Tuesday, January 7th.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.