Currys (LON:CURY) Issues Quarterly Earnings Results

by · The Markets Daily

Currys (LON:CURY – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 1.60 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 423 billion for the quarter. Currys had a net margin of 1.46% and a return on equity of 5.88%.

Currys Stock Performance

Shares of CURY traded down GBX 3.20 on Tuesday, reaching GBX 149.80. 643,727 shares of the stock traded hands, compared to its average volume of 17,861,012. The stock’s 50-day moving average price is GBX 138.84 and its 200-day moving average price is GBX 138.20. The company has a debt-to-equity ratio of 40.08, a current ratio of 0.87 and a quick ratio of 0.29. The firm has a market cap of £1.56 billion, a price-to-earnings ratio of 12.91 and a beta of 1.27. Currys has a 12 month low of GBX 106 and a 12 month high of GBX 162.80.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CURY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 155 price target on shares of Currys in a research report on Wednesday, May 20th. Royal Bank Of Canada raised shares of Currys to an “outperform” rating and decreased their price objective for the stock from GBX 180 to GBX 165 in a report on Tuesday, June 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 target price on shares of Currys in a research note on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 174.

Read Our Latest Report on CURY

Trending Headlines about Currys

Here are the key news stories impacting Currys this week:

  • Positive Sentiment: Currys reported quarterly EPS of GBX 1.60, with revenue of GBX 423 billion, reinforcing that the business is still generating earnings and sales momentum. Currys earnings results
  • Neutral Sentiment: The company posted a 5.88% return on equity and a 1.46% net margin, which suggests profitability is positive but still modest and may limit investor enthusiasm.
  • Neutral Sentiment: Most other recent headlines were unrelated to Currys plc and focused on basketball personality Stephen Curry, so they are unlikely to have any meaningful impact on the retailer’s shares.

Currys Company Profile

(Get Free Report)

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800
stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of
these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services
and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them,
throughout their lives.

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