Polar Capital (LON:POLR) Announces Earnings Results

Polar Capital (LON:POLR) issued its quarterly earnings data on Wednesday. The company reported GBX 59.20 earnings per share for the quarter, Digital Look Earnings reports. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%.

Polar Capital Price Performance

POLR traded up GBX 38 during trading on Wednesday, hitting GBX 929. 1,809,884 shares of the stock traded hands, compared to its average volume of 637,977. The business has a 50 day moving average price of GBX 788.34 and a 200 day moving average price of GBX 667.47. Polar Capital has a twelve month low of GBX 435 and a twelve month high of GBX 964. The company has a market cap of £878.04 million, a price-to-earnings ratio of 23.23, a PEG ratio of 0.79 and a beta of 0.93.

Analyst Ratings Changes

A number of equities analysts have commented on POLR shares. Deutsche Bank Aktiengesellschaft raised their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 670 target price on shares of Polar Capital in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 848.33.

About Polar Capital

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.