Polar Capital (LON:POLR) Announces Earnings Results

Polar Capital (LON:POLR) released its quarterly earnings data on Wednesday. The company reported GBX 59.20 EPS for the quarter, Digital Look Earnings reports. Polar Capital had a return on equity of 30.00% and a net margin of 16.62%.

Polar Capital Stock Up 0.9%

Shares of LON POLR traded up GBX 9 during trading on Friday, hitting GBX 971. The company had a trading volume of 602,213 shares, compared to its average volume of 642,803. The firm has a market capitalization of £917.73 million, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The stock has a fifty day simple moving average of GBX 798.24 and a two-hundred day simple moving average of GBX 673.50. Polar Capital has a fifty-two week low of GBX 435 and a fifty-two week high of GBX 978.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on POLR. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 670 price target on shares of Polar Capital in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 848.33.

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.