BME:CASHCommercial Services
Prosegur Cash (BME:CASH) Stock Grapples With Profit Squeeze Despite Revenue Growth
Prosegur Cash walked into this earnings day with a cheap looking P/E of 10.8x and a share price that had crept up about 7.7% over the past month. The stock now sits at €0.669, yet the headline from the quarter is not the price chart. It is the quiet squeeze in profitability.
Quarterly revenue held around €503.5m, but basic earnings per share slipped to €0.011646 as net income eased to €21.5m. The market is reacting to a low priced stock. The real story is whether this margin and profit...