ITV (LON:ITV) Issues Earnings Results

ITV (LON:ITV - Get Free Report) posted its quarterly earnings data on Thursday. The broadcaster reported GBX 9.60 ($0.12) earnings per share 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

Shares of ITV stock traded up GBX 0.05 ($0.00) during trading on Monday, reaching GBX 78.85 ($1.02). The company's stock had a trading volume of 10,420,002 shares, compared to its average volume of 37,993,754. The business has a 50 day moving average price of GBX 72.95 and a 200-day moving average price of GBX 74.49. ITV has a 12-month low of GBX 61.29 ($0.79) and a 12-month high of GBX 89 ($1.15). The company has a market capitalization of £3.04 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reiterated a "buy" rating on shares of ITV in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their target price on shares of ITV from GBX 114 ($1.47) to GBX 115 ($1.48) and gave the stock an "overweight" rating in a research note on Wednesday, December 11th.

ITV Company Profile

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.