Trainline (LON:TRN) Issues Quarterly Earnings Results

Trainline (LON:TRN) released its earnings results on Wednesday. The company reported GBX 12.58 earnings per share for the quarter, Digital Look Earnings reports. Trainline had a return on equity of 10.88% and a net margin of 8.57%.

Trainline Price Performance

Shares of LON:TRN traded up GBX 12.80 during trading on Wednesday, hitting GBX 267.20. 4,025,249 shares of the company were exchanged, compared to its average volume of 2,002,853. The business’s 50 day moving average is GBX 269.87 and its 200-day moving average is GBX 273.01. The company has a market capitalization of £1.07 billion, a P/E ratio of 21.11 and a beta of 1.64. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. Trainline has a 1-year low of GBX 246.80 and a 1-year high of GBX 452.40.

Trainline declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRN shares. Peel Hunt restated a “buy” rating and set a GBX 460 target price on shares of Trainline in a research note on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 490 target price on shares of Trainline in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Trainline from GBX 320 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, September 12th. Shore Capital reiterated a “buy” rating on shares of Trainline in a report on Wednesday. Finally, UBS Group reiterated a “buy” rating and set a GBX 465 price target on shares of Trainline in a report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trainline has an average rating of “Moderate Buy” and a consensus target price of GBX 445.

About Trainline

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.