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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 pence per share. Looking ahead, the company said it had carried 'strong momentum into the new finan...
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 offset by additional ongoing costs.' Analyst consensus for the year ending 31 March 2021 was for a...