Brooks Macdonald Group (BRK) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Brooks Macdonald Group (LON:BRK) announced its quarterly earnings data on Tuesday, March 13th. The company reported GBX 47.70 ($0.67) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 47.50 ($0.67) by GBX 0.20 ($0.00), Digital Look Earnings reports. Brooks Macdonald Group had a negative net margin of 1.63% and a negative return on equity of 1.75%. The company had revenue of GBX 4,879 million during the quarter.

Shares of Brooks Macdonald Group stock traded down GBX 2.50 ($0.04) on Friday, reaching GBX 1,840 ($25.83). The stock had a trading volume of 13,537 shares, compared to its average volume of 4,657. Brooks Macdonald Group has a 1 year low of GBX 1,810 ($25.41) and a 1 year high of GBX 2,582 ($36.24).

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The firm also recently declared a dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Thursday, March 22nd will be issued a GBX 17 ($0.24) dividend. The ex-dividend date is Thursday, March 22nd. This represents a dividend yield of 0.85%.

A number of brokerages recently weighed in on BRK. Peel Hunt reiterated an “add” rating and set a GBX 2,150 ($30.18) price objective on shares of Brooks Macdonald Group in a report on Wednesday, January 24th. Numis Securities restated a “buy” rating and issued a GBX 2,300 ($32.29) price target on shares of Brooks Macdonald Group in a report on Wednesday, January 24th. Shore Capital restated a “hold” rating on shares of Brooks Macdonald Group in a report on Wednesday, January 24th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,305 ($32.36) price target on shares of Brooks Macdonald Group in a report on Wednesday, January 24th. Finally, N+1 Singer restated a “buy” rating on shares of Brooks Macdonald Group in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Brooks Macdonald Group has a consensus rating of “Buy” and an average price target of GBX 2,220.67 ($31.17).

In other news, insider Chris A. MacDonald sold 3,744 shares of Brooks Macdonald Group stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of GBX 1,845 ($25.90), for a total value of £69,076.80 ($96,963.50).

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Brooks Macdonald Group Company Profile

Brooks Macdonald Group plc, through its subsidiaries, provides a range of investment and wealth management services to private clients, pension funds, charities, professional intermediaries, and trustees in the United Kingdom and internationally. It operates through four segments: Investment Management, Financial Planning, Funds and Property Management, and International.

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