Intermediate Capital Group (ICP) Posts Earnings Results

Intermediate Capital Group (LON:ICP) issued its quarterly earnings data on Tuesday. The company reported GBX 79.30 ($1.06) EPS for the quarter, topping analysts’ consensus estimates of GBX 59.40 ($0.80) by GBX 19.90 ($0.27), Bloomberg Earnings reports. Intermediate Capital Group had a net margin of 32.73% and a return on equity of 15.76%.

Shares of Intermediate Capital Group traded down GBX 18 ($0.24), reaching GBX 1,185 ($15.90), during trading hours on Thursday, MarketBeat Ratings reports. 658,116 shares of the stock were exchanged, compared to its average volume of 727,416. Intermediate Capital Group has a 12-month low of GBX 694.50 ($9.32) and a 12-month high of GBX 1,204 ($16.15).

The company also recently declared a dividend, which will be paid on Tuesday, August 7th. Investors of record on Thursday, June 14th will be paid a dividend of GBX 21 ($0.28) per share. The ex-dividend date is Thursday, June 14th. This is a boost from Intermediate Capital Group’s previous dividend of $9.00. This represents a dividend yield of 1.75%.

A number of equities analysts have commented on the stock. Numis Securities reissued an “add” rating on shares of Intermediate Capital Group in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Intermediate Capital Group from GBX 1,350 ($18.11) to GBX 1,440 ($19.32) and gave the stock an “overweight” rating in a research note on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,150 ($15.43) price objective on shares of Intermediate Capital Group in a research note on Tuesday. Shore Capital reissued a “sell” rating on shares of Intermediate Capital Group in a research note on Tuesday. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,010 ($13.55) price objective on shares of Intermediate Capital Group in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,114 ($14.95).

About Intermediate Capital Group

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in growth capital, reinvestment, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

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