RPC Group (RPC) Releases Quarterly Earnings Results, Beats Estimates By $0.80 EPS

RPC Group (LON:RPC) issued its earnings results on Wednesday. The company reported GBX 72 ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 71.20 ($0.95) by GBX 0.80 ($0.01), Bloomberg Earnings reports. RPC Group had a net margin of 6.51% and a return on equity of 13.22%.

RPC Group stock traded up GBX 10.20 ($0.14) during midday trading on Friday, hitting GBX 690.80 ($9.20). 2,158,685 shares of the stock were exchanged, compared to its average volume of 1,890,000. RPC Group has a 52 week low of GBX 714.50 ($9.51) and a 52 week high of GBX 1,032 ($13.74).

The company also recently disclosed a dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 9th will be paid a dividend of GBX 20.20 ($0.27) per share. This is a positive change from RPC Group’s previous dividend of $7.80. The ex-dividend date is Thursday, August 9th. This represents a yield of 2.96%.

RPC has been the topic of several recent research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,250 ($16.64) target price on shares of RPC Group in a research note on Tuesday, March 13th. JPMorgan Chase & Co. reduced their target price on shares of RPC Group from GBX 1,250 ($16.64) to GBX 1,110 ($14.78) and set an “overweight” rating on the stock in a research note on Tuesday, April 3rd. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,130 ($15.04) target price on shares of RPC Group in a research note on Wednesday, March 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of RPC Group in a research note on Friday, May 4th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,150 ($15.31) target price on shares of RPC Group in a research note on Tuesday, March 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,135 ($15.11).

About RPC Group

RPC Group Plc operates as a plastic product design and engineering company worldwide. It operates through two segments, Packaging and Non-Packaging. The Packaging segment serves the food, non-food, personal care, beverage, and healthcare markets. The Non-Packaging segment engages in the design and manufacture of molds, plastic products, and technical components for various markets.

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