ProCook Group (LON:PROC) Releases Earnings Results

ProCook Group (LON:PROC) announced its quarterly earnings results on Thursday. The company reported GBX 1.45 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 8,549 million for the quarter. ProCook Group had a net margin of 1.73% and a return on equity of 15.03%.

ProCook Group Trading Up 4.4%

PROC stock opened at GBX 44.07 on Thursday. The firm has a fifty day moving average price of GBX 36.35 and a 200 day moving average price of GBX 34.83. ProCook Group has a fifty-two week low of GBX 26.90 and a fifty-two week high of GBX 48. The company has a debt-to-equity ratio of 417.35, a quick ratio of 0.36 and a current ratio of 0.81. The firm has a market cap of £46.47 million, a PE ratio of 39.35 and a beta of 0.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 62 price objective on shares of ProCook Group in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ProCook Group currently has an average rating of “Buy” and an average price target of GBX 62.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.