Park Group (LON:PARK) Announces Quarterly Earnings Results, Beats Expectations By $0.23 EPS

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Park Group (LON:PARK) announced its quarterly earnings results on Wednesday. The company reported GBX 5.43 ($0.07) earnings per share for the quarter, topping the consensus estimate of GBX 5.20 ($0.07) by GBX 0.23 ($0.00), Bloomberg Earnings reports.

PARK stock traded down GBX 0.25 ($0.00) during mid-day trading on Friday, reaching GBX 68.25 ($0.89). 153,967 shares of the stock traded hands. Park Group has a one year low of GBX 63 ($0.82) and a one year high of GBX 82.50 ($1.08). The stock has a market capitalization of $127.18 million and a price-to-earnings ratio of 11.77.

The company also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, August 22nd will be given a dividend of GBX 2.15 ($0.03) per share. This is a boost from Park Group’s previous dividend of $1.05. The ex-dividend date is Thursday, August 22nd. This represents a yield of 3.15%. Park Group’s payout ratio is 0.34%.

Separately, Liberum Capital started coverage on shares of Park Group in a research report on Wednesday. They set a “buy” rating and a GBX 80 ($1.05) price objective on the stock.

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Park Group Company Profile

Park Group plc provides prepaid gift cards, multi-retailer vouchers, and digital rewards services to corporate and consumer markets in the United Kingdom and Ireland. The company is involved in Christmas savings business, which offers vouchers, prepaid cards, gifts, and hampers in time for Christmas; and Love2shop Business Services that provides reward solutions, including multi-retailer vouchers and prepaid cards, single store vouchers and cards, gift experiences, holidays, and travel solutions.

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