Wickes Group (LON:WIX) Posts Earnings Results

Wickes Group (LON:WIX) issued its quarterly earnings data on Thursday. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%.

Wickes Group Stock Performance

Shares of LON:WIX opened at GBX 173.60 ($2.24) on Friday. The firm has a market cap of £411.03 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. Wickes Group has a one year low of GBX 130.60 ($1.69) and a one year high of GBX 186 ($2.40). The firm’s 50 day simple moving average is GBX 167.58 and its 200-day simple moving average is GBX 161.52.

Wickes Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, April 24th will be issued a GBX 7.30 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Wickes Group’s previous dividend of $3.60. This represents a dividend yield of 4.01%. Wickes Group’s dividend payout ratio is presently 88.93%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WIX shares. Shore Capital restated a “not rated” rating on shares of Wickes Group in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 198 ($2.56) price target on shares of Wickes Group in a research note on Thursday.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.