Currys (LON:CURY) Issues Earnings Results

Currys (LON:CURY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 1.60 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 423 billion during the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%.

Currys Trading Down 2.1%

Shares of CURY traded down GBX 3.20 during midday trading on Tuesday, hitting GBX 149.80. The stock had a trading volume of 643,727 shares, compared to its average volume of 17,861,012. The business has a 50-day simple moving average of GBX 138.84 and a two-hundred day simple moving average of GBX 138.20. The company has a current ratio of 0.87, a quick ratio of 0.29 and a debt-to-equity ratio of 40.08. Currys has a fifty-two week low of GBX 106 and a fifty-two week high of GBX 162.80. The firm has a market cap of £1.56 billion, a P/E ratio of 12.91 and a beta of 1.27.

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Key Headlines Impacting Currys

Here are the key news stories impacting Currys this week:

• Positive Sentiment: Currys reported quarterly EPS of GBX 1.60, with revenue of GBX 423 billion, reinforcing that the business is still generating earnings and sales momentum. Currys earnings results
• Neutral Sentiment: The company posted a 5.88% return on equity and a 1.46% net margin, which suggests profitability is positive but still modest and may limit investor enthusiasm.
• Neutral Sentiment: Most other recent headlines were unrelated to Currys plc and focused on basketball personality Stephen Curry, so they are unlikely to have any meaningful impact on the retailer’s shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 price target on shares of Currys in a report on Wednesday, May 20th. Royal Bank Of Canada raised Currys to an “outperform” rating and dropped their target price for the company from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 price target on shares of Currys in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Currys presently has a consensus rating of “Buy” and an average price target of GBX 174.

Check Out Our Latest Analysis on CURY

Currys Company Profile

(Get Free Report)

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.

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