Majestic Wine PLC (WINE) Releases Quarterly Earnings Results, Beats Estimates By $0.80 EPS

Majestic Wine PLC (LON:WINE) announced its quarterly earnings data on Thursday. The company reported GBX 7.90 ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 7.10 ($0.09) by GBX 0.80 ($0.01), Bloomberg Earnings reports. The firm had revenue of GBX 2,173.60 billion during the quarter. Majestic Wine PLC had a net margin of 0.50% and a return on equity of 2.22%.

Shares of Majestic Wine PLC (LON WINE) opened at GBX 412.75 ($5.43) on Thursday. Majestic Wine PLC has a one year low of GBX 280 ($3.68) and a one year high of GBX 400.75 ($5.27).

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In other news, insider James Crawford acquired 3,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of GBX 314 ($4.13) per share, with a total value of £10,990 ($14,454.82).

A number of equities analysts have issued reports on WINE shares. Shore Capital reissued a “hold” rating on shares of Majestic Wine PLC in a research report on Thursday. Liberum Capital reissued a “buy” rating and set a GBX 500 ($6.58) price target on shares of Majestic Wine PLC in a research report on Thursday. Finally, Peel Hunt raised shares of Majestic Wine PLC to a “buy” rating and raised their price target for the stock from GBX 380 ($5.00) to GBX 450 ($5.92) in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 405.20 ($5.33).

About Majestic Wine PLC

Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.

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