Midwich Group (LON:MIDW) Issues Earnings Results

Midwich Group (LON:MIDW) released its quarterly earnings data on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share for the quarter, Digital Look Earnings reports. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%.

Midwich Group Stock Down 1.3 %

Shares of MIDW traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 222 ($2.89). 146,240 shares of the company traded hands, compared to its average volume of 224,613. Midwich Group has a 1-year low of GBX 214.30 ($2.79) and a 1-year high of GBX 450.13 ($5.86). The company has a quick ratio of 0.78, a current ratio of 1.44 and a debt-to-equity ratio of 105.39. The company has a market capitalization of £223.25 million, a PE ratio of 9.87 and a beta of 0.66. The business has a 50 day moving average of GBX 256.49 and a 200 day moving average of GBX 283.56.

Midwich Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, May 22nd will be issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 3.15%. This is an increase from Midwich Group’s previous dividend of $5.50. Midwich Group’s dividend payout ratio is 75.59%.

About Midwich Group

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.