FirstGroup (FGP) Issues Quarterly Revenue Results

FirstGroup (FGP) Issues Quarterly  Revenue Results

FirstGroup (LON:FGP) released its quarterly earnings data on Tuesday, November 13th. The transport operator reported GBX 2.90 ($0.04) EPS for the quarter, Digital Look Earnings reports.

FGP stock traded down GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 89.60 ($1.17). 1,378,914 shares of the company were exchanged, compared to its average volume of 3,850,000. FirstGroup has a 1-year low of GBX 77.60 ($1.01) and a 1-year high of GBX 154.50 ($2.02).

In related news, insider Wolfhart Hauser acquired 11,691 shares of the business’s stock in a transaction on Thursday, October 25th. The shares were bought at an average price of GBX 85 ($1.11) per share, with a total value of £9,937.35 ($12,984.91). In the last three months, insiders have acquired 22,336 shares of company stock worth $2,002,406.

Several research firms have issued reports on FGP. JPMorgan Chase & Co. decreased their price objective on shares of FirstGroup from GBX 163 ($2.13) to GBX 133 ($1.74) and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Liberum Capital restated a “buy” rating on shares of FirstGroup in a research report on Tuesday, November 13th. Finally, UBS Group restated a “neutral” rating and set a GBX 100 ($1.31) price objective (down from GBX 111 ($1.45)) on shares of FirstGroup in a research report on Thursday, August 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. FirstGroup has an average rating of “Hold” and a consensus target price of GBX 96.67 ($1.26).

FirstGroup Company Profile

FirstGroup plc provides passenger transport services. The company's First Student segment provides student transportation services through a fleet of approximately 44,000 yellow school buses in North America. This segment also offers charter hire services for school and non-school activities. Its First Transit segment offers public transit management and contracting services, including fixed route, paratransit, shuttle, and vehicle maintenance services to transit authorities, such as federal, state, and local transportation departments, as well as for private institutions, including universities, hospitals, and airports in North America.

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