NEXT (LON:NXT) Announces Quarterly Earnings Results

NEXT (LON:NXT) issued its quarterly earnings data on Thursday. The company reported GBX 615.10 ($7.92) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NEXT had a return on equity of 55.99% and a net margin of 13.77%.

NEXT Price Performance

NXT traded up GBX 1,044 ($13.44) on Thursday, hitting £110.30 ($142.01). 7,782,246 shares of the stock were exchanged, compared to its average volume of 1,061,075. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. NEXT has a 12 month low of GBX 8,598 ($110.70) and a 12 month high of £111.04 ($142.96). The firm has a market capitalization of £12.98 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 5.66 and a beta of 1.37. The business has a 50-day moving average of GBX 9,790.25 and a two-hundred day moving average of GBX 9,860.26.

NEXT Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, July 17th will be given a GBX 208 ($2.68) dividend. The ex-dividend date is Thursday, July 17th. This represents a dividend yield of 1.08%. This is a boost from NEXT’s previous dividend of $75.00. NEXT’s dividend payout ratio (DPR) is presently 32.49%.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of NEXT in a research note on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.