AO World (LON:AO) Announces Earnings Results

AO World (LON:AO) released its quarterly earnings results on Tuesday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. AO World had a net margin of 2.48% and a return on equity of 18.96%.

AO World Stock Down 0.8%

Shares of AO opened at GBX 99.10 on Tuesday. The firm has a 50 day simple moving average of GBX 101.15 and a two-hundred day simple moving average of GBX 96.97. The company has a debt-to-equity ratio of 43.05, a current ratio of 0.95 and a quick ratio of 0.48. AO World has a one year low of GBX 77.15 and a one year high of GBX 120.40. The company has a market cap of £576.30 million, a P/E ratio of 22.60, a P/E/G ratio of -2.13 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of AO World to a “hold” rating and lowered their price objective for the stock from GBX 135 to GBX 105 in a research note on Monday, August 4th. Peel Hunt restated a “buy” rating and set a GBX 137 price objective on shares of AO World in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 121.

Insider Buying and Selling at AO World

In other news, insider Chris Hopkinson sold 500,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of GBX 88, for a total transaction of £440,000. Also, insider John Roberts sold 414,851 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of GBX 97, for a total value of £402,405.47. In the last quarter, insiders sold 1,218,053 shares of company stock worth $114,433,777. Corporate insiders own 47.09% of the company’s stock.

AO World Company Profile

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services.