McCarthy & Stone (MCS) Posts Earnings Results, Misses Expectations By $0.50 EPS

McCarthy & Stone (LON:MCS) announced its quarterly earnings results on Tuesday. The company reported GBX 9.20 ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.50) (($0.01)), Digital Look Earnings reports.

Shares of LON:MCS opened at GBX 138.60 ($1.81) on Wednesday. McCarthy & Stone has a 12 month low of GBX 130.90 ($1.71) and a 12 month high of GBX 197.60 ($2.58).

The business also recently declared a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 3rd will be paid a dividend of GBX 3.50 ($0.05) per share. This is a positive change from McCarthy & Stone’s previous dividend of $1.90. This represents a yield of 2.56%. The ex-dividend date is Thursday, January 3rd.

Several equities analysts have commented on MCS shares. UBS Group reissued a “sell” rating and issued a GBX 102 ($1.33) price target on shares of McCarthy & Stone in a research report on Thursday, September 6th. Peel Hunt lifted their price objective on shares of McCarthy & Stone from GBX 135 ($1.76) to GBX 150 ($1.96) and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Deutsche Bank lifted their price objective on shares of McCarthy & Stone from GBX 165 ($2.16) to GBX 168 ($2.20) and gave the stock a “buy” rating in a research report on Thursday, August 30th. Berenberg Bank started coverage on shares of McCarthy & Stone in a research report on Wednesday, July 25th. They set a “hold” rating and a GBX 110 ($1.44) price objective for the company. Finally, Barclays lifted their price objective on shares of McCarthy & Stone from GBX 92 ($1.20) to GBX 93 ($1.22) and gave the stock an “underweight” rating in a research report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 133.11 ($1.74).

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About McCarthy & Stone

McCarthy & Stone plc, together with its subsidiaries, operates as a retirement housing market in the United Kingdom. The company builds, sells, and manages retirement developments. It offers retirement living developments, which provides apartments for homeowners aged 60 and over; retirement living plus developments, which are designed for customers aged 70 and over, as well as offers a retirement apartment with management services, domestic assistance, personal care, and additional support; and lifestyle living for customers aged 55 and over.

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