Equiniti Group (EQN)

Sector:

Support

Index:

FTSE 250

195.90p
   
  • Change Today:
      1.20p
  • 52 Week High: 236.20p
  • 52 Week Low: 186.20p
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 830,431
  • Market Cap: £714.13m
  • Beta: 1.04

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 195.90p
Change Today 1.20p
% Change 0.62 %
52 Week High 236.20p
52 Week Low 186.20p
Volume 830,431
Shares Issued 364.54m
Market Cap £714.13m
Beta 1.04

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.65% below the market average55.65% below the market average55.65% below the market average55.65% below the market average55.65% below the market average
26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average
Price Trend
52.02% below the market average52.02% below the market average52.02% below the market average52.02% below the market average52.02% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Income
10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average
10.59% above the sector average10.59% above the sector average10.59% above the sector average10.59% above the sector average10.59% above the sector average
Growth
9.37% below the market average9.37% below the market average9.37% below the market average9.37% below the market average9.37% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 2
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 06-Dec-2019

Time Volume / Share Price
16:35 57 @ 195.90p
16:35 157,408 @ 195.90p
16:28 49 @ 195.80p
16:28 47 @ 195.80p
16:28 52 @ 196.00p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier
Chair Philip Yea

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