Compass Group plc (CPG) Releases Quarterly Earnings Results, Beats Expectations By $0.40 EPS
Compass Group plc (LON:CPG) announced its quarterly earnings data on Tuesday. The company reported GBX 72.30 ($0.95) earnings per share for the quarter, topping the consensus estimate of GBX 71.90 ($0.95) by GBX 0.40 ($0.01), Bloomberg Earnings reports. The business had revenue of £2,256.80 billion during the quarter. Compass Group plc had a return on equity of 46.40% and a net margin of 5.42%.
Shares of Compass Group plc (LON CPG) traded down GBX 169.83 ($2.23) on Thursday, hitting GBX 1,512 ($19.89). The stock had a trading volume of 4,646,185 shares, compared to its average volume of 3,560,000. Compass Group plc has a 52 week low of GBX 1,305 ($17.16) and a 52 week high of GBX 1,698 ($22.33).
Several equities analysts have commented on CPG shares. Royal Bank Of Canada upgraded Compass Group plc to an “outperform” rating and increased their target price for the company from GBX 1,530 ($20.12) to GBX 1,750 ($23.02) in a research report on Friday, October 27th. Canaccord Genuity increased their target price on Compass Group plc from GBX 1,550 ($20.39) to GBX 1,630 ($21.44) and gave the company a “hold” rating in a research report on Thursday, July 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,800 ($23.67) target price on shares of Compass Group plc in a research report on Thursday, September 21st. Liberum Capital reiterated a “buy” rating and issued a GBX 1,850 ($24.33) target price on shares of Compass Group plc in a research report on Tuesday. Finally, Kepler Capital Markets reiterated a “hold” rating and issued a GBX 1,622 ($21.33) target price on shares of Compass Group plc in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,651.59 ($21.72).
In related news, insider Paul Walsh acquired 10,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was bought at an average cost of GBX 1,571 ($20.66) per share, for a total transaction of £157,100 ($206,628.96).
About Compass Group plc
Compass Group PLC provides food and support services. The Company’s segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
Receive News & Ratings for Compass Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Group plc and related companies with MarketBeat.com's FREE daily email newsletter.