TP ICAP Group (LON:TCAP – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share (EPS) for the quarter, Digital Look Earnings reports. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%.
TP ICAP Group Price Performance
Shares of TP ICAP Group stock opened at GBX 262 ($3.39) on Wednesday. The firm has a market cap of £1.97 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. TP ICAP Group has a one year low of GBX 192 ($2.49) and a one year high of GBX 277.50 ($3.59). The stock’s 50-day moving average is GBX 264.87 and its 200-day moving average is GBX 251.95.
TP ICAP Group announced that its board has initiated a stock buyback plan on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TP ICAP Group
About TP ICAP Group
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