TP ICAP Group (LON:TCAP – Get Free Report) posted its earnings results on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share 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 Trading Up 2.3 %
TCAP traded up GBX 6 ($0.08) during trading hours on Friday, hitting GBX 263 ($3.41). 2,397,260 shares of the company’s stock were exchanged, compared to its average volume of 4,447,488. TP ICAP Group has a 12-month low of GBX 192 ($2.49) and a 12-month high of GBX 277.50 ($3.59). The firm has a 50 day moving average of GBX 264.91 and a 200 day moving average of GBX 252.16. The firm has a market cap of £1.98 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.
Wall Street Analyst Weigh In
Separately, Shore Capital restated a “buy” rating on shares of TP ICAP Group in a report on Tuesday.
TP ICAP Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
TP ICAP Group Company Profile
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