ME Group International (LON:MEGP) Issues Quarterly Earnings Results

ME Group International (LON:MEGP) announced its earnings results on Friday. The company reported GBX 6.79 EPS for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.94% and a return on equity of 27.72%.

ME Group International Price Performance

ME Group International stock traded up GBX 2 during trading hours on Friday, reaching GBX 105.20. The stock had a trading volume of 821,906 shares, compared to its average volume of 3,296,344. The company has a market cap of £395.87 million, a price-to-earnings ratio of 7.06 and a beta of 0.48. The business’s 50 day moving average price is GBX 125.13 and its 200-day moving average price is GBX 136.30. ME Group International has a 52 week low of GBX 98.50 and a 52 week high of GBX 230.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 220 price objective on shares of ME Group International in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ME Group International currently has a consensus rating of “Buy” and a consensus target price of GBX 220.

ME Group International declared that its board has initiated a stock repurchase plan on Monday, March 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.