Kainos Group (LON:KNOS) Announces Earnings Results

Kainos Group (LON:KNOS) posted its quarterly earnings results on Monday. The company reported GBX 38.60 ($0.52) earnings per share for the quarter, Digital Look Earnings reports. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%.

Kainos Group Stock Down 2.3%

Shares of LON KNOS opened at GBX 739 ($9.90) on Wednesday. The business has a 50-day simple moving average of GBX 710.92 and a two-hundred day simple moving average of GBX 757.98. Kainos Group has a 52 week low of GBX 580 ($7.77) and a 52 week high of GBX 1,264 ($16.93). The company has a market cap of £933.44 million, a P/E ratio of 19.36, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,025 ($13.73) price objective on shares of Kainos Group in a research note on Monday. Berenberg Bank reiterated a “buy” rating and set a GBX 1,025 ($13.73) price target on shares of Kainos Group in a research note on Monday, April 14th. Finally, Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Monday.

Kainos Group Company Profile

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors.