Topps Tiles (LON:TPT) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Topps Tiles (LON:TPT) issued its quarterly earnings results on Tuesday. The company reported GBX 6.61 ($0.09) earnings per share for the quarter, beating the consensus estimate of GBX 6.40 ($0.08) by GBX 0.21 ($0.00), Digital Look Earnings reports.

LON:TPT traded up GBX 2.80 ($0.04) during mid-day trading on Thursday, reaching GBX 72.20 ($0.94). The company’s stock had a trading volume of 116,389 shares, compared to its average volume of 184,877. Topps Tiles has a 12-month low of GBX 57.32 ($0.75) and a 12-month high of GBX 85 ($1.11). The firm’s fifty day moving average price is GBX 70.84 and its two-hundred day moving average price is GBX 69.02. The company has a current ratio of 1.24, a quick ratio of 0.48 and a debt-to-equity ratio of 113.84. The stock has a market cap of $134.99 million and a P/E ratio of 16.79.

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be given a GBX 2.30 ($0.03) dividend. This is a positive change from Topps Tiles’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, December 19th. This represents a yield of 3.19%. Topps Tiles’s payout ratio is 0.70%.

TPT has been the subject of several analyst reports. Peel Hunt restated a “buy” rating and set a GBX 100 ($1.31) price target on shares of Topps Tiles in a report on Wednesday, October 2nd. Peel Hunt reiterated a “buy” rating on shares of Topps Tiles in a report on Tuesday. Finally, Liberum Capital decreased their target price on Topps Tiles from GBX 95 ($1.24) to GBX 85 ($1.11) and set a “buy” rating for the company in a research report on Tuesday.

Topps Tiles Company Profile

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for homeowners and tile fitters in the United Kingdom. The company offers bathroom, kitchen, floor, wall, and mosaic tiles. It also provides adhesives and grouts; and tools and essentials, such as trims, underfloor heating products, cutters, tools and accessories, cleaning and maintenance products, underfloor heating products, and wet room products.

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