Currys (LON:CURY) Posts Earnings Results

Currys (LON:CURY) posted its quarterly earnings data on Tuesday. The company reported GBX 1.60 earnings per share for the quarter, Digital Look Earnings reports. Currys had a return on equity of 5.88% and a net margin of 1.46%.The business had revenue of GBX 423 billion during the quarter.

Currys Trading Down 1.6%

LON:CURY traded down GBX 2.40 during trading hours on Tuesday, reaching GBX 150.60. The company’s stock had a trading volume of 1,463,937 shares, compared to its average volume of 17,867,963. The firm has a 50-day simple moving average of GBX 138.84 and a 200-day simple moving average of GBX 138.20. The company has a debt-to-equity ratio of 40.08, a quick ratio of 0.29 and a current ratio of 0.87. Currys has a 1 year low of GBX 106 and a 1 year high of GBX 162.80. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 12.98 and a beta of 1.27.

Wall Street Analysts Forecast Growth

CURY has been the subject of a number of recent analyst reports. Royal Bank Of Canada upgraded Currys to an “outperform” rating and decreased their price target for the stock from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 210 price target on shares of Currys in a report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price objective on shares of Currys in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Currys has an average rating of “Buy” and an average target price of GBX 174.

Currys News Summary

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys reported quarterly EPS of GBX 1.60, with revenue of GBX 423 billion, reinforcing that the business is still generating earnings and sales momentum. Currys earnings results
• Neutral Sentiment: The company posted a 5.88% return on equity and a 1.46% net margin, which suggests profitability is positive but still modest and may limit investor enthusiasm.
• Neutral Sentiment: Most other recent headlines were unrelated to Currys plc and focused on basketball personality Stephen Curry, so they are unlikely to have any meaningful impact on the retailer’s shares.

About Currys

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.