Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.042 in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: US$530.6m (up 14% from 2Q 2020).
- Net income: US$88.0m (up 403% from 2Q 2020).
- Profit margin: 17% (up from 3.7% in 2Q 2020).
Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Price target increased to US$34.67
Up from US$30.29, the current price target is an average from 8 analysts.
- New target price is 7.6% above last closing price of US$32.22.
- Stock is up 56% over the past year.