Compass Group (LON:CPG) Posts Quarterly Earnings Results, Beats Estimates By $0.80 EPS

Compass Group (LON:CPG) released its quarterly earnings results on Tuesday. The company reported GBX 85.20 ($1.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 84.40 ($1.10) by GBX 0.80 ($0.01), Digital Look Earnings reports.

LON:CPG traded up GBX 7 ($0.09) during mid-day trading on Thursday, hitting GBX 1,882.50 ($24.60). 2,310,081 shares of the company’s stock traded hands, compared to its average volume of 3,910,000. The company has a fifty day moving average of GBX 2,002.38 and a 200 day moving average of GBX 1,967.61. Compass Group has a twelve month low of GBX 20.62 ($0.27) and a twelve month high of GBX 2,150 ($28.09). The company has a market capitalization of $29.65 billion and a P/E ratio of 25.51. The company has a debt-to-equity ratio of 150.26, a quick ratio of 0.74 and a current ratio of 0.85.

The firm also recently announced a dividend, which will be paid on Monday, February 24th. Investors of record on Thursday, January 16th will be given a dividend of GBX 26.90 ($0.35) per share. This is a positive change from Compass Group’s previous dividend of $13.10. This represents a yield of 1.4%. The ex-dividend date is Thursday, January 16th. Compass Group’s dividend payout ratio is currently 0.53%.

Several research analysts have recently commented on the company. Barclays reissued an “equal weight” rating and issued a GBX 2,000 ($26.13) price target on shares of Compass Group in a research report on Thursday, October 10th. UBS Group reissued a “buy” rating on shares of Compass Group in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on Compass Group from GBX 2,100 ($27.44) to GBX 2,040 ($26.66) and set an “overweight” rating on the stock in a research report on Wednesday. Liberum Capital lowered Compass Group to a “hold” rating and reduced their target price for the company from GBX 2,240 ($29.27) to GBX 2,000 ($26.13) in a research report on Wednesday. Finally, Shore Capital reaffirmed a “hold” rating on shares of Compass Group in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Compass Group has a consensus rating of “Hold” and a consensus price target of GBX 1,855.42 ($24.24).

About Compass Group

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.

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