Midwich Group (LON:MIDW) Releases Earnings Results

Midwich Group (LON:MIDW) posted its quarterly earnings results on Tuesday. The company reported GBX 26.24 ($0.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Midwich Group had a net margin of 1.70% and a return on equity of 12.88%.

Midwich Group Price Performance

MIDW stock opened at GBX 227.90 ($2.96) on Wednesday. The firm has a 50 day moving average of GBX 257.63 and a 200-day moving average of GBX 284.29. Midwich Group has a 12-month low of GBX 225 ($2.93) and a 12-month high of GBX 450.13 ($5.85). The company has a current ratio of 1.44, a quick ratio of 0.78 and a debt-to-equity ratio of 105.39. The company has a market cap of £229.18 million, a price-to-earnings ratio of 10.13 and a beta of 0.66.

Midwich Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, May 22nd will be given a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 3.15%. This is an increase from Midwich Group’s previous dividend of $5.50. The ex-dividend date of this dividend is Thursday, May 22nd. Midwich Group’s dividend payout ratio (DPR) is presently 75.59%.

Midwich Group Company Profile

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.