ITE Group (ITE) Issues Earnings Results

ITE Group (LON:ITE) issued its quarterly earnings results on Tuesday. The company reported GBX 4.90 ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 5 ($0.07) by GBX (0.10) ($0.00), Digital Look Earnings reports.

Shares of LON:ITE traded up GBX 0.20 ($0.00) on Thursday, reaching GBX 59 ($0.77). 2,316,826 shares of the company traded hands, compared to its average volume of 242,645. ITE Group has a fifty-two week low of GBX 148 ($1.93) and a fifty-two week high of GBX 197 ($2.57).

The business also recently disclosed a dividend, which will be paid on Monday, February 4th. Stockholders of record on Thursday, January 3rd will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, January 3rd. This represents a dividend yield of 1.7%.

ITE has been the subject of a number of research reports. Peel Hunt reaffirmed an “add” rating on shares of ITE Group in a research note on Tuesday. Numis Securities reaffirmed a “buy” rating on shares of ITE Group in a research note on Wednesday, October 3rd.

In related news, insider Mark Shashoua acquired 30,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was bought at an average price of GBX 63 ($0.82) per share, for a total transaction of £18,900 ($24,696.20). Also, insider Andrew Beach acquired 33,500 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were bought at an average price of GBX 60 ($0.78) per share, with a total value of £20,100 ($26,264.21). Insiders have bought a total of 143,500 shares of company stock valued at $8,780,000 in the last quarter.

WARNING: “ITE Group (ITE) Issues Earnings Results” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/06/ite-group-ite-issues-earnings-results.html.

About ITE Group

ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.

Featured Article: How Do You Calculate Return on Equity (ROE)?

Receive News & Ratings for ITE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITE Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply