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 net margin of 4.54% and a return on equity of 4.82%.
TP ICAP Group Stock Performance
Shares of TCAP stock traded up GBX 6 ($0.08) on Friday, reaching GBX 263 ($3.41). 2,397,260 shares of the company were exchanged, compared to its average volume of 4,447,488. The company has a market cap of £1.98 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 0.49 and a beta of 0.65. The business has a 50-day moving average price of GBX 264.91 and a 200 day moving average price of GBX 252.16. TP ICAP Group has a 1 year low of GBX 192 ($2.49) and a 1 year high of GBX 277.50 ($3.59).
Wall Street Analyst Weigh In
Separately, Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Tuesday.
TP ICAP Group announced that its board has approved a share repurchase program on Tuesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
TP ICAP Group Company Profile
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