Inchcape (LON:INCH) Announces Earnings Results

Inchcape (LON:INCH) announced its earnings results on Tuesday. The company reported GBX 71.30 ($0.91) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Inchcape had a net margin of 2.45% and a return on equity of 17.60%.

Inchcape Trading Down 0.4 %

Shares of INCH stock traded down GBX 2.50 ($0.03) during mid-day trading on Tuesday, hitting GBX 678 ($8.62). The company’s stock had a trading volume of 3,658,643 shares, compared to its average volume of 2,003,722. Inchcape has a 52 week low of GBX 597.50 ($7.59) and a 52 week high of GBX 874 ($11.11). The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The company’s fifty day simple moving average is GBX 705.44 and its 200-day simple moving average is GBX 757.34. The company has a market cap of £2.66 billion, a PE ratio of 10.83, a P/E/G ratio of 2.06 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INCH shares. JPMorgan Chase & Co. cut shares of Inchcape to a “neutral” rating in a research report on Thursday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Inchcape in a research note on Tuesday, January 7th.

Inchcape Company Profile

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.