ITV (LON:ITV) Posts Earnings Results

ITV (LON:ITV) issued its quarterly earnings results on Thursday. The broadcaster reported GBX 9.60 ($0.12) earnings per share (EPS) for the quarter, Digital Look Earnings reports. ITV had a return on equity of 23.62% and a net margin of 12.11%.

ITV Price Performance

ITV stock traded up GBX 5.38 ($0.07) during trading on Thursday, reaching GBX 74.98 ($0.97). 5,976,680 shares of the company were exchanged, compared to its average volume of 17,598,215. ITV has a 52-week low of GBX 61.29 ($0.79) and a 52-week high of GBX 89 ($1.15). The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The company has a market cap of £2.89 billion, a P/E ratio of 6.85, a PEG ratio of -0.53 and a beta of 1.44. The stock’s 50 day moving average price is GBX 72.76 and its 200 day moving average price is GBX 74.57.

Wall Street Analysts Forecast Growth

ITV has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of ITV in a report on Thursday, December 5th. Shore Capital restated a “buy” rating on shares of ITV in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on ITV from GBX 114 ($1.47) to GBX 115 ($1.48) and gave the company an “overweight” rating in a report on Wednesday, December 11th.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.