Inchcape (LON:INCH) Announces Quarterly Earnings Results

Inchcape (LON:INCH) released its quarterly earnings results on Tuesday. The company reported GBX 71.30 ($0.92) 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 Price Performance

LON INCH opened at GBX 729 ($9.40) on Thursday. The company has a debt-to-equity ratio of 206.10, a current ratio of 1.10 and a quick ratio of 0.51. The firm has a market capitalization of £2.86 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The company has a 50 day simple moving average of GBX 703.51 and a 200-day simple moving average of GBX 756.49. Inchcape has a 52-week low of GBX 624 ($8.04) and a 52-week high of GBX 874 ($11.27).

Insider Buying and Selling at Inchcape

In other news, insider Duncan Tait bought 6,948 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of GBX 716 ($9.23) per share, with a total value of £49,747.68 ($64,124.36). Company insiders own 14.84% of the company’s stock.

Wall Street Analyst Weigh In

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

About Inchcape

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.