Dignity (DTY) Shares Up 15.2% Following Strong Earnings
Dignity Plc (LON:DTY)’s share price shot up 15.2% during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as GBX 1,028 ($14.20) and last traded at GBX 983 ($13.58). 1,110,683 shares were traded during mid-day trading, an increase of 94% from the average session volume of 571,165 shares. The stock had previously closed at GBX 853 ($11.79).
The company reported GBX 128.30 ($1.77) EPS for the quarter, beating analysts’ consensus estimates of GBX 124.40 ($1.72) by GBX 3.90 ($0.05). Dignity had a net margin of 21.26% and a return on equity of 593.43%. The company had revenue of £324 million during the quarter.
A number of research firms have commented on DTY. Numis Securities reaffirmed a “hold” rating on shares of Dignity in a research note on Monday, January 22nd. Peel Hunt reaffirmed a “hold” rating on shares of Dignity in a research note on Friday, January 19th. Finally, Berenberg Bank lowered shares of Dignity to a “hold” rating and reduced their price objective for the company from GBX 2,950 ($40.76) to GBX 2,350 ($32.47) in a research note on Thursday, November 16th.
Dignity Company Profile
Dignity plc is a United Kingdom-based provider of funeral related services in the United Kingdom. The Company operates through three segments: funeral services, crematoria and pre-arranged funeral plans. The Company’s funeral services relate to the provision of funerals and ancillary items, such as memorials and floral tributes.
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