Angling Direct (LON:ANG) Announces Quarterly Earnings Results

Angling Direct (LON:ANG) issued its earnings results on Tuesday. The company reported GBX 2.81 EPS for the quarter, Digital Look Earnings reports. Angling Direct had a net margin of 1.99% and a return on equity of 5.06%. The firm had revenue of £103.90 million during the quarter.

Angling Direct Stock Up 2.7%

Angling Direct stock opened at GBX 49.82 on Thursday. The stock has a market capitalization of £36.15 million, a PE ratio of 19.93 and a beta of 0.65. Angling Direct has a twelve month low of GBX 40 and a twelve month high of GBX 60. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21. The company has a 50 day moving average of GBX 50.31 and a 200-day moving average of GBX 51.77.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 78 target price on shares of Angling Direct in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 78.

Angling Direct Company Profile

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.