Revolution Bars Group PLC (RBG) Releases Quarterly Earnings Results, Beats Expectations By $1.10 EPS
Revolution Bars Group PLC (LON:RBG) issued its quarterly earnings results on Tuesday. The company reported GBX 14.20 ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01), Bloomberg Earnings reports. Revolution Bars Group PLC had a return on equity of 18.25% and a net margin of 5.77%. The firm had revenue of GBX 1,304.70 billion during the quarter.
Shares of Revolution Bars Group PLC (LON:RBG) traded down 1.19% during mid-day trading on Thursday, hitting GBX 208.00. The stock had a trading volume of 375,748 shares. The stock’s market cap is GBX 104.00 million. The firm’s 50-day moving average price is GBX 206.42 and its 200 day moving average price is GBX 174.05. Revolution Bars Group PLC has a 12-month low of GBX 99.00 and a 12-month high of GBX 247.96.
A number of brokerages have recently weighed in on RBG. Peel Hunt upgraded Revolution Bars Group PLC to an “add” rating and lifted their price objective for the stock from GBX 215 ($2.85) to GBX 240 ($3.18) in a research report on Thursday. FinnCap lowered Revolution Bars Group PLC to a “hold” rating and lifted their price objective for the company from GBX 180 ($2.39) to GBX 203 ($2.69) in a research note on Tuesday. Canaccord Genuity lifted their price objective on Revolution Bars Group PLC from GBX 150 ($1.99) to GBX 220 ($2.92) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 130 ($1.72) price objective on shares of Revolution Bars Group PLC in a research note on Tuesday, July 25th.
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Revolution Bars Group PLC Company Profile
Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.
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