ITV (LON:ITV) Releases Earnings Results

ITV (LON:ITV) released its quarterly earnings data on Thursday. The broadcaster reported GBX 9.60 ($0.12) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ITV had a return on equity of 23.62% and a net margin of 12.11%.

ITV Stock Performance

LON ITV traded up GBX 5.38 ($0.07) on Thursday, reaching GBX 74.98 ($0.97). The stock had a trading volume of 5,976,680 shares, compared to its average volume of 17,598,215. The stock has a market cap of £2.89 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. ITV has a 12-month low of GBX 61.29 ($0.79) and a 12-month high of GBX 89 ($1.15). The business’s 50-day moving average price is GBX 72.76 and its 200 day moving average price is GBX 74.57. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56.

Analysts Set New Price Targets

Several brokerages have commented on ITV. JPMorgan Chase & Co. increased their price target on shares of ITV from GBX 114 ($1.47) to GBX 115 ($1.48) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Citigroup reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, December 5th. Finally, Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, November 7th.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.