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.

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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.

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