ZPG (ZPG) Announces Earnings Results
ZPG (LON:ZPG) posted its quarterly earnings data on Wednesday. The company reported GBX 15.20 ($0.20) EPS for the quarter, beating analysts’ consensus estimates of GBX 14.30 ($0.19) by GBX 0.90 ($0.01), Bloomberg Earnings reports. The company had revenue of GBX 2,445.40 billion for the quarter. ZPG had a net margin of 14.35% and a return on equity of 18.48%.
ZPG (LON:ZPG) opened at GBX 321.80 ($4.31) on Thursday. ZPG has a one year low of GBX 304.61 ($4.08) and a one year high of GBX 401.20 ($5.37).
A number of research analysts have commented on the stock. Peel Hunt restated an “add” rating and issued a GBX 400 ($5.36) price objective on shares of ZPG in a research note on Thursday, November 2nd. Macquarie upgraded shares of ZPG to an “outperform” rating and lifted their price objective for the company from GBX 372 ($4.98) to GBX 411 ($5.50) in a research note on Tuesday, September 12th. Deutsche Bank restated a “hold” rating and issued a GBX 340 ($4.55) price objective on shares of ZPG in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 410 ($5.49) price target on shares of ZPG in a research note on Monday, November 20th. Finally, Shore Capital reiterated a “buy” rating on shares of ZPG in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 396.12 ($5.30).
In other news, insider Alex Chesterman sold 4,250,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 363 ($4.86), for a total transaction of £15,427,500 ($20,660,908.00). Over the last quarter, insiders have bought 125 shares of company stock worth $45,021.
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ZPG PLC, formerly Zoopla Property Group Plc, is a provider of digital media and lead generation platform that owns and operates digital consumer brands, including Zoopla, uSwitch, PrimeLocation and Hometrack. it has two divisions: Property Services and Comparison Services. The Property Services division includes the United Kingdom (UK) Agency, which represents property advertising services provided to estate agents and lettings agents; New Homes, which represents property advertising services provided to new home developers, and Other Property Services, which represents overseas property advertising services, display advertising and data services.
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