Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Foxtons ( (GB:FOXT) ) has provided an update.
Foxtons Group PLC reported a significant earnings increase for 2024, with revenue and operating profit surpassing market expectations due to gains in market share. The company achieved an 11% revenue growth and a 33% rise in adjusted operating profit, bolstered by a strong performance in Sales and steady growth in Lettings. Notably, the company expanded its portfolio through strategic acquisitions in commuter towns, enhancing its earnings profile and growth potential. The outlook for 2025 remains positive, with high tenant demand in Lettings and an optimistic start in Sales, positioning Foxtons to continue its strategic growth.
More about Foxtons
Founded in 1981, Foxtons is London’s leading estate agency and the largest lettings agency brand, managing over 31,000 tenancies. The company operates through interconnected branches, offering residential property services in Lettings, Sales, and Financial Services. Foxtons focuses on non-cyclical, recurring revenues from Lettings and Financial Services, aiming for market share growth in Sales, supported by its advanced Foxtons Operating Platform.
YTD Price Performance: -4.35%
Average Trading Volume: 453,752
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £199.9M
For a thorough assessment of FOXT stock, go to TipRanks’ Stock Analysis page.
