Portmeirion Group (LON:PMP – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX (31.40) EPS for the quarter, Digital Look Earnings reports. Portmeirion Group had a negative return on equity of 12.61% and a negative net margin of 6.86%.
Portmeirion Group Stock Performance
PMP stock traded down GBX 1 during trading hours on Wednesday, hitting GBX 50. 14,140 shares of the stock were exchanged, compared to its average volume of 34,999. The company has a current ratio of 1.54, a quick ratio of 0.68 and a debt-to-equity ratio of 59.99. The firm has a market capitalization of £25.37 million, a P/E ratio of -1.10, a P/E/G ratio of 0.75 and a beta of 0.48. The company has a 50-day simple moving average of GBX 51 and a two-hundred day simple moving average of GBX 69.50. Portmeirion Group has a 12 month low of GBX 47.14 and a 12 month high of GBX 138.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Portmeirion Group in a research report on Wednesday.
Trending Headlines about Portmeirion Group
Here are the key news stories impacting Portmeirion Group this week:
- Positive Sentiment: A £17.2 million fundraising sharply reduced net debt, improving Portmeirion’s liquidity and financial flexibility. The stronger balance sheet could support a turnaround and reduce financing risk, although the fundraising may also dilute existing shareholders. Portmeirion Losses Widen but £17.2m Raise Cuts Net Debt Sharply
- Positive Sentiment: Shore Capital reaffirmed its “house stock” rating, suggesting its analysts continue to see potential in the company despite the weak interim results. Shore Capital Reaffirms Portmeirion Rating
- Neutral Sentiment: The group plans to change its corporate name to Spode Group PLC in November, aligning the company more closely with its Spode brand. The rebrand could improve brand recognition but does not immediately change earnings or cash flow. Portmeirion Group to Change Name to Spode Group in November
- Neutral Sentiment: Portmeirion will host a retail investor webinar on September 30, potentially giving shareholders more detail on its strategy, trading outlook and use of the fundraising proceeds. Portmeirion Retail Investor Webinar
- Negative Sentiment: First-half revenue fell 1.9% to £36.4 million, while the headline pre-tax loss widened. The company also reported a quarterly loss of GBX 31.40 per share, a negative net margin and negative return on equity, reinforcing concerns about weak demand and continuing losses. Portmeirion H1 Revenue Falls and Loss Widens Portmeirion Group H1 Loss Widens
- Negative Sentiment: Finance chief steps down for health reasons and has been replaced on an interim basis by Adrian Wilding. The change adds management uncertainty while the business is attempting to restore profitability. Portmeirion Announces CFO Changes
About Portmeirion Group
“Our vision is to be a leading force in the global homeware sector focused on growing our great British brands.”
Based in Stoke-on-Trent, we are the owner, designer, manufacturer and omni-channel retailer of leading homeware brands in global markets. Our much loved brands include Portmeirion, Spode, Royal Worcester, Nambé, Pimpernel and Wax Lyrical. Recognised around the world, our brands have a combined history of over 700 years.
With a consistent track record of growth, our revenue is generated from a variety of different channels, markets, currencies and product categories.
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