Inchcape (LON:INCH) Announces Quarterly Earnings Results

Inchcape (LON:INCH) issued its quarterly earnings results on Tuesday. The company reported GBX 71.30 ($0.92) EPS for the quarter, Digital Look Earnings reports. Inchcape had a net margin of 2.45% and a return on equity of 17.60%.

Inchcape Trading Up 1.7 %

Shares of INCH traded up GBX 12 ($0.15) during trading hours on Thursday, hitting GBX 733 ($9.45). The company had a trading volume of 1,962,857 shares, compared to its average volume of 1,968,793. The firm has a market cap of £2.88 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.06 and a beta of 1.19. Inchcape has a 52-week low of GBX 624 ($8.04) and a 52-week high of GBX 874 ($11.27). The stock’s 50 day moving average price is GBX 703.51 and its 200 day moving average price is GBX 756.49. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10.

Analyst Ratings Changes

Several brokerages recently issued reports on INCH. Citigroup reiterated a “buy” rating on shares of Inchcape in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a report on Thursday, January 23rd.

Insider Buying and Selling

In other Inchcape news, insider Duncan Tait bought 6,948 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of GBX 716 ($9.23) per share, with a total value of £49,747.68 ($64,124.36). 14.84% of the stock is owned by corporate insiders.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.