Mattioli Woods (MTW) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

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Mattioli Woods (LON:MTW) issued its quarterly earnings results on Tuesday. The company reported GBX 37 ($0.48) EPS for the quarter, missing the consensus estimate of GBX 37.10 ($0.48) by GBX (0.10) ($0.00), Bloomberg Earnings reports. Mattioli Woods had a net margin of 15.55% and a return on equity of 11.88%.

MTW stock remained flat at $GBX 855 ($11.03) during mid-day trading on Thursday. 3,924 shares of the company’s stock were exchanged, compared to its average volume of 14,481. Mattioli Woods has a twelve month low of GBX 725 ($9.35) and a twelve month high of GBX 872 ($11.25).

The business also recently announced a dividend, which will be paid on Friday, October 26th. Shareholders of record on Thursday, September 20th will be paid a GBX 11.50 ($0.15) dividend. This is an increase from Mattioli Woods’s previous dividend of $5.50. This represents a yield of 1.35%. The ex-dividend date is Thursday, September 20th.

A number of equities analysts have commented on MTW shares. Shore Capital restated a “hold” rating on shares of Mattioli Woods in a research note on Thursday, August 9th. Canaccord Genuity restated a “buy” rating and issued a GBX 860 ($11.09) target price on shares of Mattioli Woods in a research note on Wednesday, July 4th.

About Mattioli Woods

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers financial planning services, such as wealth building, trust planning, inheritance tax and estate planning, exit planning, and executive financial counselling services; investment products and services to support client strategies, as well as strategic planning and advisory services; and self-invested personal and small self-administered pension schemes, and trustee services.

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