TP ICAP Group (LON:TCAP) Posts Quarterly Earnings Results

TP ICAP Group (LON:TCAP) announced its quarterly earnings data on Wednesday. The company reported GBX 31.80 ($0.41) earnings per share (EPS) for the quarter, Digital Look Earnings reports. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%.

TP ICAP Group Trading Up 2.3 %

Shares of LON:TCAP opened at GBX 262 ($3.39) on Wednesday. The company has a market cap of £1.97 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. 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 company has a 50-day moving average price of GBX 264.87 and a 200-day moving average price of GBX 251.95.

Analyst Ratings Changes

Separately, Shore Capital reissued 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 buyback plan on Tuesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About TP ICAP Group