Equiniti Group (EQN)

Sector:

Support

Index:

FTSE 250

144.60p
   
  • Change Today:
    -1.40p
  • 52 Week High: 230.40
  • 52 Week Low: 133.40
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 237,944
  • Market Cap: £527.12m

Equiniti warns on profits

By Iain Gilbert

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Payments specialist Equiniti warned that full-year underlying earnings would be at the lower end of market expectations as a result of weaker high margin UK corporate activity.
Although Equiniti expected uncertainties in the macro environment to continue, it told investors on Tuesday that it was still "well-positioned" and expected further organic growth in the UK as the firm builds on its relationships with its client base.

The FTSE 250-listed company said the US offered it a platform for accelerated growth based on market opportunity, the potential to take market share and the opportunity to cross-sell digitised services into its blue-chip client base.

Revenues were projected to be at the upper end of expectations.

"Our operations are scaleable with platform characteristics, and actions undertaken in the first half will serve to increase efficiency and reduce marginal costs," said Equiniti.

"This, along with progressive deleveraging and further operational improvements, will allow us to grow underlying profits and earnings ahead of revenue."

As of 0850 GMT, Equiniti shares had crashed 21.37% to 178.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Equiniti Group Market Data

Currency UK Pounds
Share Price 144.60p
Change Today -1.40p
% Change -0.96 %
52 Week High 230.40
52 Week Low 133.40
Volume 237,944
Shares Issued 364.54m
Market Cap £527.12m

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average
14.02% above the sector average14.02% above the sector average14.02% above the sector average14.02% above the sector average14.02% above the sector average
Price Trend
52.54% below the market average52.54% below the market average52.54% below the market average52.54% below the market average52.54% below the market average
51.79% below the sector average51.79% below the sector average51.79% below the sector average51.79% below the sector average51.79% below the sector average
Income
11.45% below the market average11.45% below the market average11.45% below the market average11.45% below the market average11.45% below the market average
12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average
Growth
40.51% above the market average40.51% above the market average40.51% above the market average40.51% above the market average40.51% above the market average
21.15% above the sector average21.15% above the sector average21.15% above the sector average21.15% above the sector average21.15% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equiniti Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 11-Apr-19
Paid 25-Oct-19 16-May-19
Amount 1.95p 3.49p

Trades for 09-Jul-2020

Time Volume / Share Price
16:35 105,469 @ 144.60p
16:29 165 @ 144.00p
16:29 658 @ 143.60p
16:29 119 @ 143.60p
16:29 331 @ 142.20p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier

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