Midwich Group (LON:MIDW) Announces Quarterly Earnings Results

Midwich Group (LON:MIDW) announced its earnings results on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a return on equity of 12.88% and a net margin of 1.70%.

Midwich Group Stock Performance

Shares of MIDW stock traded down GBX 4 ($0.05) during trading hours on Thursday, reaching GBX 221 ($2.87). 156,808 shares of the company traded hands, compared to its average volume of 224,802. Midwich Group has a 12-month low of GBX 214.30 ($2.79) and a 12-month high of GBX 450.13 ($5.86). The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The company has a market cap of £222.24 million, a P/E ratio of 9.83 and a beta of 0.66. The firm has a 50-day moving average price of GBX 256.49 and a 200 day moving average price of GBX 283.56.

Midwich Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, May 22nd will be given a dividend of GBX 7.50 ($0.10) per share. This is a boost from Midwich Group’s previous dividend of $5.50. This represents a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, May 22nd. Midwich Group’s payout ratio is presently 75.59%.

Midwich Group Company Profile

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.