GlobalData (LON:DATA) Issues Earnings Results

GlobalData (LON:DATA) posted its quarterly earnings data on Monday. The company reported GBX 2.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. GlobalData had a return on equity of 12.09% and a net margin of 10.84%.

GlobalData Trading Down 18.3%

Shares of LON:DATA traded down GBX 13 on Monday, hitting GBX 58.20. 16,607,326 shares of the company’s stock were exchanged, compared to its average volume of 5,469,037. GlobalData has a 12 month low of GBX 52.61 and a 12 month high of GBX 153.50. The stock has a market capitalization of £380.86 million, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The business’s 50 day simple moving average is GBX 78.66 and its two-hundred day simple moving average is GBX 84.79. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61.

GlobalData announced that its board has authorized a share repurchase program on Tuesday, June 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price target on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 173.75.

Insider Activity at GlobalData

In other news, insider Michael Danson sold 20,117,282 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total value of £17,099,689.70. Insiders own 67.14% of the company’s stock.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.