AO World (LON:AO) Posts Earnings Results

AO World (LON:AO) issued its quarterly earnings results on Wednesday. The company reported GBX 6.36 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 126.66 billion during the quarter. AO World had a net margin of 0.98% and a return on equity of 7.92%.

AO World Trading Down 4.7%

Shares of LON:AO opened at GBX 91.50 on Thursday. The company has a 50 day moving average of GBX 90.39 and a 200-day moving average of GBX 98.06. The firm has a market cap of £532.10 million, a P/E ratio of 20.86, a P/E/G ratio of -2.13 and a beta of 1.22. AO World has a twelve month low of GBX 77.15 and a twelve month high of GBX 120.40. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 41.38.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 160 price target on shares of AO World in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, AO World currently has an average rating of “Moderate Buy” and an average target price of GBX 134.

Insiders Place Their Bets

In related news, insider John Roberts sold 5,359,056 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total transaction of £4,823,150.40. Insiders own 47.09% of the company’s stock.

AO World News Roundup

Here are the key news stories impacting AO World this week:

• Positive Sentiment: AO World reported record annual profit, with quarterly EPS of GBX 6.36, revenue of GBX 126.66 billion, a 0.98% net margin and 7.92% return on equity, reinforcing the view that the business is still generating solid earnings momentum. Article Title
• Positive Sentiment: The company also proposed about $27 million in shareholder returns, which can be interpreted as a sign of confidence in cash generation and capital discipline. Article Title
• Positive Sentiment: Jefferies reaffirmed its buy rating and lifted its price target to GBX 160, which may help investor confidence in the stock’s upside potential. Article Title

About AO World

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.