Electrocomponents Plc News Today

Shares of Electrocomponents plc (OTCMKTS:EENEF – Get Rating) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among […]

Readers hoping to buy Electrocomponents plc ( LON:ECM ) for its dividend will need to make their move shortly, as the...

25 May 2021 | 07:32am StockMarketWire.com - Electrical and industrial products group Electrocomponents reported a fall in annual profit as lower margins offset a rise in revenue. For the year ended 31 March 2021, pre-tax profit fell 19.5% to £160.6 million year-on-year, while revenue climbed 2.5% to £2.0 billion. Gross margin fell 1% to 42.7%, driven by increased freight costs, inventory provisions and regional mix, the company said. The company raised its full-year dividend by 3.2% to 15.9 p...

8 February 2021 | 07:29am StockMarketWire.com - Industrial and electronics products maker Electrocomponents reported like-for-like revenue growth was 8% in the four months through January and kept its annual outlook unchanged despite ongoing heightened freight, labour and logistical costs. Digital like-for-like growth was 6%, with group web revenue increasing 8%, the company said. Looking ahead, the company said its full year profit expectations were unchanged with stronger revenue growth o...