Second quarter 2021 earnings released: EPS €1.71 (vs €0.67 in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: €4.87b (up 18% from 2Q 2020).
- Net income: €745.0m (up 157% from 2Q 2020).
- Profit margin: 15% (up from 7.0% in 2Q 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Price target increased to €170
Up from €156, the current price target is an average from 21 analysts.
- New target price is 5.8% below last closing price of €180.
- Stock is up 59% over the past year.