Rightmove (LON:RMV) Issues Earnings Results

Rightmove (LON:RMV) released its quarterly earnings data on Friday. The company reported GBX 12.80 ($0.16) earnings per share for the quarter, reports. Rightmove had a net margin of 52.69% and a return on equity of 293.54%.

Rightmove Stock Performance

Rightmove stock traded up GBX 27.80 ($0.35) during midday trading on Friday, hitting GBX 671 ($8.46). 4,358,221 shares of the company’s stock were exchanged, compared to its average volume of 5,271,032. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The stock has a market cap of £5.23 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. Rightmove has a 12-month low of GBX 499.20 ($6.29) and a 12-month high of GBX 710 ($8.95). The firm’s 50 day simple moving average is GBX 653.70 and its 200 day simple moving average is GBX 632.71.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RMV shares. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research note on Friday, November 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($9.77) target price on shares of Rightmove in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.