Inchcape (LON:INCH) Releases Quarterly Earnings Results

Inchcape (LON:INCH) posted its earnings results on Tuesday. The company reported GBX 71.30 ($0.92) earnings per share (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 Stock Up 1.1 %

INCH opened at GBX 729 ($9.40) on Thursday. The firm has a market cap of £2.86 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The firm’s 50-day simple moving average is GBX 703.51 and its 200-day simple moving average is GBX 756.49. Inchcape has a twelve month low of GBX 624 ($8.04) and a twelve month high of GBX 874 ($11.27).

Wall Street Analyst Weigh In

INCH has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a research note on Thursday, January 23rd.

Insider Buying and Selling at Inchcape

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

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.