Restore (LON:RST) Announces Earnings Results

Restore (LON:RST) issued its quarterly earnings results on Tuesday. The company reported GBX 3.60 earnings per share for the quarter, Digital Look Earnings reports. Restore had a net margin of 0.43% and a return on equity of 0.58%.

Restore Stock Up 1.4%

Restore stock opened at GBX 286 on Tuesday. Restore has a twelve month low of GBX 222 and a twelve month high of GBX 355. The company has a debt-to-equity ratio of 118.39, a quick ratio of 1.28 and a current ratio of 0.93. The firm has a market cap of £380.37 million, a PE ratio of -60.85, a P/E/G ratio of 0.41 and a beta of 0.11. The firm’s 50 day moving average price is GBX 264.44 and its two-hundred day moving average price is GBX 258.04.

Insider Activity

In other news, insider Dan Baker sold 55,795 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total transaction of £145,624.95. Corporate insiders own 16.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RST shares. Berenberg Bank boosted their target price on shares of Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 435 price target on shares of Restore in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 390.67.

Restore Company Profile

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.