H&T Group (LON:HAT) Issues Quarterly Earnings Results

H&T Group (LON:HAT) released its earnings results on Tuesday. The company reported GBX 51.17 ($0.67) earnings per share for the quarter, Digital Look Earnings reports. H&T Group had a return on equity of 12.14% and a net margin of 9.06%.

H&T Group Trading Up 2.2 %

HAT traded up GBX 8.50 ($0.11) on Thursday, reaching GBX 398.50 ($5.18). 188,468 shares of the company’s stock were exchanged, compared to its average volume of 89,275. The company has a market cap of £173.65 million, a price-to-earnings ratio of 7.88 and a beta of 0.69. The company has a debt-to-equity ratio of 46.82, a quick ratio of 4.55 and a current ratio of 15.96. H&T Group has a twelve month low of GBX 325.50 ($4.23) and a twelve month high of GBX 440 ($5.72). The company’s 50 day moving average is GBX 353.45 and its 200-day moving average is GBX 360.06.

H&T Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be issued a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 2.84%. This is a boost from H&T Group’s previous dividend of $7.00. H&T Group’s payout ratio is presently 35.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Shore Capital reiterated a “house stock” rating on shares of H&T Group in a report on Tuesday. Canaccord Genuity Group increased their price target on shares of H&T Group from GBX 531 ($6.91) to GBX 559 ($7.27) and gave the stock a “buy” rating in a research note on Tuesday.

About H&T Group

H&T is the UK’s largest pawnbroker and provides a range of financial services to meet customers’ needs. We are the 6th largest retailer of high quality pre-owned and new jewellery and watches.

Our ambition is to make pawnbroking a more widely accepted and valued finance service.