ProCook Group (LON:PROC) Posts Quarterly Earnings Results

ProCook Group (LON:PROC) posted its earnings results on Thursday. The company reported GBX 1.45 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 8,549 million for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%.

ProCook Group Trading Up 6.8%

Shares of LON PROC opened at GBX 47 on Friday. ProCook Group has a 1-year low of GBX 26.90 and a 1-year high of GBX 48. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36. The business’s 50 day moving average is GBX 36.73 and its two-hundred day moving average is GBX 34.98. The stock has a market capitalization of £49.56 million, a P/E ratio of 41.96 and a beta of 0.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 62 price objective on shares of ProCook Group in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ProCook Group presently has an average rating of “Buy” and a consensus price target of GBX 62.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.