Inchcape (LON:INCH) Issues Quarterly Earnings Results

Inchcape (LON:INCH) released its earnings results on Tuesday. The company reported GBX 71.30 ($0.92) 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 Performance

Shares of INCH stock opened at GBX 729 ($9.40) on Thursday. The stock has a market cap of £2.86 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The stock has a 50-day moving average of GBX 703.51 and a 200-day moving average of GBX 756.49. Inchcape has a one year low of GBX 624 ($8.04) and a one year high of GBX 874 ($11.27).

Insider Activity at Inchcape

In related news, insider Duncan Tait purchased 6,948 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of GBX 716 ($9.23) per share, for a total transaction of £49,747.68 ($64,124.36). 14.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on INCH shares. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a research note on Thursday, January 23rd. Citigroup reiterated a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th.

About Inchcape

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.