AO World (LON:AO) Issues Quarterly Earnings Results

AO World (LON:AO) posted its quarterly earnings data on Wednesday. The company reported GBX 6.36 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 126.66 billion during the quarter. AO World had a return on equity of 7.92% and a net margin of 0.98%.

AO World Stock Down 4.7%

AO opened at GBX 91.50 on Thursday. The business has a 50 day moving average price of GBX 90.39 and a two-hundred day moving average price of GBX 98.06. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38. The company has a market cap of £532.10 million, a PE ratio of 20.86, a P/E/G ratio of -2.13 and a beta of 1.22. AO World has a 52 week low of GBX 77.15 and a 52 week high of GBX 120.40.

Key Stories Impacting AO World

Here are the key news stories impacting AO World this week:

• Positive Sentiment: AO World reported record annual profit, with quarterly EPS of GBX 6.36, revenue of GBX 126.66 billion, a 0.98% net margin and 7.92% return on equity, reinforcing the view that the business is still generating solid earnings momentum. Article Title
• Positive Sentiment: The company also proposed about $27 million in shareholder returns, which can be interpreted as a sign of confidence in cash generation and capital discipline. Article Title
• Positive Sentiment: Jefferies reaffirmed its buy rating and lifted its price target to GBX 160, which may help investor confidence in the stock’s upside potential. Article Title

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 160 price objective on shares of AO World in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 134.

Insider Buying and Selling

In other AO World news, insider John Roberts sold 5,359,056 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 90, for a total transaction of £4,823,150.40. 47.09% of the stock is currently owned by corporate insiders.

AO World Company Profile

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.