Focusrite (LON:TUNE) Announces Earnings Results

Focusrite (LON:TUNE) announced its earnings results on Tuesday. The company reported GBX 13.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX 9,034 million for the quarter. Focusrite had a negative return on equity of 3.62% and a negative net margin of 2.52%.

Focusrite Price Performance

Focusrite stock opened at GBX 231.10 on Thursday. The stock has a market capitalization of £135.80 million, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.95 and a beta of 1.12. The company has a debt-to-equity ratio of 26.31, a current ratio of 3.53 and a quick ratio of 0.77. Focusrite has a 12 month low of GBX 155 and a 12 month high of GBX 283.95. The business has a 50 day simple moving average of GBX 242.99 and a 200-day simple moving average of GBX 221.56.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 355 target price on shares of Focusrite in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, Focusrite currently has an average rating of “Buy” and an average price target of GBX 355.

Focusrite Company Profile

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and amateur musicians alike, our solutions facilitate the high-quality production of recorded and live sound.

We are a rapidly growing group of innovative, market-leading brands, operating across two divisions.

Our Content Creation division is focussed on supporting our customers throughout their music-making journey, by removing barriers to creativity and delivering everything they need to make music.