GB Group (GBG) Releases Quarterly Earnings Results, Beats Expectations By $2.00 EPS

GB Group (LON:GBG) released its quarterly earnings data on Tuesday. The company reported GBX 15.30 ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 13.30 ($0.18) by GBX 2 ($0.03), Digital Look Earnings reports. GB Group had a return on equity of 3.99% and a net margin of 4.63%.

Shares of GB Group traded up GBX 26 ($0.35), hitting GBX 546 ($7.27), during midday trading on Thursday, according to 511,090 shares of the stock traded hands, compared to its average volume of 194,592. The company has a market cap of $642.70 million and a price-to-earnings ratio of 4,483.33. GB Group has a one year low of GBX 270 ($3.59) and a one year high of GBX 458.25 ($6.10).

The company also recently disclosed a dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, July 19th will be issued a dividend of GBX 2.65 ($0.04) per share. This is an increase from GB Group’s previous dividend of $2.35. The ex-dividend date is Thursday, July 19th. This represents a dividend yield of 0.52%.

GBG has been the subject of several recent research reports. Peel Hunt restated a “buy” rating and set a GBX 515 ($6.86) price objective on shares of GB Group in a report on Tuesday, February 13th. Berenberg Bank restated a “buy” rating on shares of GB Group in a report on Tuesday, April 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 200 ($2.66) price objective on shares of GB Group in a report on Monday, April 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. GB Group currently has an average rating of “Buy” and an average price target of GBX 524 ($6.98).

About GB Group

GB Group plc, together with its subsidiaries, provides identity data intelligence services in the United Kingdom, the United States, Australia, and internationally. It operates through two segments, Identity Proofing and Identity Solutions. The company's solutions include ID verification, which helps in verifying consumers' identities remotely, without the physical presentation of documentation, in order to combat ID fraud, money laundering, and restricting access to under-age content, purchases, and gambling; and ID employ and comply that provides background checks through online verification and authentication of individuals.

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