Marks and Spencer Group (MKS) Releases Earnings Results, Meets Estimates

Marks and Spencer Group (LON:MKS) issued its quarterly earnings results on Wednesday. The retailer reported GBX 27.80 ($0.37) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of GBX 27.80 ($0.37), Digital Look Earnings reports. Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%.

Shares of MKS stock opened at GBX 307.20 ($4.12) on Wednesday. Marks and Spencer Group has a 12 month low of GBX 274.30 ($3.68) and a 12 month high of GBX 397.80 ($5.34).

The firm also recently declared a dividend, which will be paid on Friday, July 13th. Shareholders of record on Thursday, May 31st will be paid a dividend of GBX 11.90 ($0.16) per share. This represents a yield of 4.08%. The ex-dividend date is Thursday, May 31st. This is a positive change from Marks and Spencer Group’s previous dividend of $6.80.

MKS has been the topic of a number of recent analyst reports. HSBC restated a “buy” rating and issued a GBX 400 ($5.37) price target on shares of Marks and Spencer Group in a research report on Monday, April 23rd. Peel Hunt restated a “buy” rating on shares of Marks and Spencer Group in a research report on Wednesday. Shore Capital restated a “hold” rating on shares of Marks and Spencer Group in a research report on Friday, March 23rd. Deutsche Bank restated a “hold” rating and issued a GBX 330 ($4.43) price target on shares of Marks and Spencer Group in a research report on Wednesday, February 14th. Finally, Citigroup downgraded shares of Marks and Spencer Group to a “neutral” rating in a research report on Friday, April 6th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 329 ($4.41).

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 942 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line stores and 41 outlet stores in the United Kingdom.

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