Mears Group (LON:MER) Issues Quarterly Earnings Results

Mears Group (LON:MER) posted its quarterly earnings results on Tuesday. The company reported GBX 9.16 ($0.12) earnings per share for the quarter, Bloomberg Earnings reports.

MER opened at GBX 265 ($3.46) on Friday. The firm has a market cap of $292.80 million and a P/E ratio of 11.57. The firm has a 50-day moving average of GBX 264.64 and a 200 day moving average of GBX 261.19. The company has a debt-to-equity ratio of 45.23, a quick ratio of 0.86 and a current ratio of 1.15. Mears Group has a fifty-two week low of GBX 220 ($2.87) and a fifty-two week high of GBX 400 ($5.23).

The business also recently declared a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a dividend of GBX 3.65 ($0.05) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.35%. Mears Group’s payout ratio is currently 0.79%.

Several equities analysts recently weighed in on MER shares. Jefferies Financial Group reduced their price target on shares of Mears Group from GBX 380 ($4.97) to GBX 300 ($3.92) and set a “hold” rating for the company in a research report on Thursday. Peel Hunt restated a “buy” rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research report on Tuesday. Liberum Capital restated a “buy” rating on shares of Mears Group in a research report on Tuesday. Finally, Peel Hunt restated a “buy” rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research report on Tuesday.

Mears Group Company Profile

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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