Morses Club (MCL) Releases Quarterly Earnings Results, Beats Expectations By $0.50 EPS
Morses Club (LON:MCL) released its quarterly earnings data on Thursday. The company reported GBX 11.70 ($0.16) earnings per share for the quarter, topping the consensus estimate of GBX 11.20 ($0.16) by GBX 0.50 ($0.01), Digital Look Earnings reports. Morses Club had a return on equity of 16.68% and a net margin of 9.38%.
MCL opened at GBX 147 ($2.05) on Friday. Morses Club has a fifty-two week low of GBX 105 ($1.46) and a fifty-two week high of GBX 161.25 ($2.25).
The business also recently disclosed a dividend, which will be paid on Friday, July 27th. Stockholders of record on Thursday, June 28th will be paid a dividend of GBX 4.80 ($0.07) per share. The ex-dividend date is Thursday, June 28th. This is a positive change from Morses Club’s previous dividend of $2.20. This represents a dividend yield of 3.42%.
In other news, insider Peter Ward sold 18,361,360 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of GBX 130 ($1.81), for a total transaction of £23,869,768 ($33,291,168.76).
About Morses Club
Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.
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