Mears Group (LON:MER) Announces Quarterly Earnings Results

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Mears Group (LON:MER) issued its quarterly earnings results on Tuesday. The company reported GBX 9.16 ($0.12) earnings per share for the quarter, Bloomberg Earnings reports.

Shares of MER opened at GBX 265 ($3.46) on Friday. Mears Group has a fifty-two week low of GBX 220 ($2.87) and a fifty-two week high of GBX 400 ($5.23). The stock has a fifty day moving average of GBX 264.64 and a two-hundred day moving average of GBX 261.19. The company has a market capitalization of $292.80 million and a PE ratio of 11.57. The company has a debt-to-equity ratio of 45.23, a quick ratio of 0.86 and a current ratio of 1.15.

The firm also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a GBX 3.65 ($0.05) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.35%. Mears Group’s dividend payout ratio (DPR) is presently 0.79%.

Several research analysts have weighed in on MER shares. Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($5.88) price target on shares of Mears Group in a report on Tuesday. Liberum Capital reiterated a “buy” rating on shares of Mears Group in a report on Tuesday. Jefferies Financial Group cut their price target on Mears Group from GBX 380 ($4.97) to GBX 300 ($3.92) and set a “hold” rating for the company in a report on Thursday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($5.88) price target on shares of Mears Group in a report on Tuesday.

Mears Group Company Profile

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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