NEXT (LON:NXT) Announces Quarterly Earnings Results

NEXT (LON:NXT) issued its earnings results on Thursday. The company reported GBX 615.10 ($7.96) earnings per share for the quarter, Digital Look Earnings reports. NEXT had a net margin of 13.77% and a return on equity of 55.99%.

NEXT Trading Down 0.4 %

NXT stock opened at £109.96 ($142.36) on Friday. The firm has a market cap of £12.94 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The firm has a fifty day moving average price of GBX 9,824.71 and a 200 day moving average price of GBX 9,868.12. The company has a debt-to-equity ratio of 76.08, a quick ratio of 1.07 and a current ratio of 1.68. NEXT has a fifty-two week low of GBX 8,598 ($111.32) and a fifty-two week high of £111.04 ($143.76).

NEXT Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.69) per share. This is an increase from NEXT’s previous dividend of $75.00. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 17th. NEXT’s dividend payout ratio is currently 32.49%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of NEXT in a research report on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.