FirstGroup (LON:FGP) Issues Earnings Results

FirstGroup (LON:FGP) released its quarterly earnings results on Tuesday. The transport operator reported GBX 9.90 earnings per share (EPS) for the quarter, Digital Look Earnings reports. FirstGroup had a negative net margin of 0.34% and a negative return on equity of 2.54%.

FirstGroup Stock Down 2.0%

FGP opened at GBX 178.10 on Wednesday. FirstGroup has a 12 month low of GBX 136.61 and a 12 month high of GBX 240.40. The stock has a market cap of £967.31 million, a P/E ratio of 8.69, a P/E/G ratio of 5.21 and a beta of 1.59. The stock’s 50 day moving average price is GBX 212.20 and its 200 day moving average price is GBX 213.14. The company has a debt-to-equity ratio of 257.49, a current ratio of 0.69 and a quick ratio of 0.74.

Wall Street Analyst Weigh In

FGP has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 245 target price on shares of FirstGroup in a research note on Tuesday. Panmure Gordon restated a “buy” rating and set a GBX 250 price objective on shares of FirstGroup in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 245.

FirstGroup Company Profile

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.