Rightmove (LON:RMV) Issues Earnings Results

Rightmove (LON:RMV) released its earnings results on Friday. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter, reports. Rightmove had a net margin of 52.69% and a return on equity of 293.54%.

Rightmove Stock Up 4.3 %

Shares of RMV traded up GBX 27.80 ($0.35) during midday trading on Friday, reaching GBX 671 ($8.46). The stock had a trading volume of 4,358,221 shares, compared to its average volume of 5,271,032. The company has a market cap of £5.23 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.58 and a beta of 1.05. The company’s fifty day simple moving average is GBX 653.70 and its two-hundred day simple moving average is GBX 632.71. Rightmove has a 1-year low of GBX 499.20 ($6.29) and a 1-year high of GBX 710 ($8.95). The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RMV. Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($9.77) price objective on shares of Rightmove in a research note on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a research report on Thursday, December 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Rightmove in a research note on Friday, November 8th.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.