Rightmove (LON:RMV) Posts Quarterly Earnings Results

Rightmove (LON:RMV) issued its quarterly earnings results on Friday. The company reported GBX 12.80 ($0.16) earnings per share (EPS) for the quarter, reports. Rightmove had a return on equity of 293.54% and a net margin of 52.69%.

Rightmove Price Performance

Shares of RMV traded up GBX 27.80 ($0.35) during trading hours on Friday, reaching GBX 671 ($8.46). The stock had a trading volume of 4,358,221 shares, compared to its average volume of 5,271,032. The company’s 50-day moving average is GBX 653.70 and its two-hundred day moving average is GBX 632.71. Rightmove has a 12 month low of GBX 499.20 ($6.29) and a 12 month high of GBX 710 ($8.95). The stock has a market capitalization of £5.23 billion, a PE ratio of 26.91, a PEG ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83.

Wall Street Analysts Forecast Growth

RMV has been the topic of a number of recent analyst reports. Shore Capital restated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 775 ($9.77) price target on shares of Rightmove in a report on Friday, November 8th.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.