Marex Group PLC

Earnings data Q2 2024

Earnings data Q1 2024

Marex Group Plc provides brokerage services for commodities, financials, and foreign exchange. It operates through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions segments. The Clearing segment allows the clients access to exchanges and clearing houses. The Agency and Execution segment match buyers and sellers on an agency basis by facilitating price discovery of commodities and financial markets. The Market Making segment offers direct market pricing to professional and wholesale counterparties in a variety of commodity and securities markets. The company was founded by Mark Slade in 2005 and is headquartered in London, the United Kingdom.

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PBI, KGC and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 11, 2024.

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NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. Financial Highlights Financial Highlights: ($m) 3 months ended 30 September 2024   3 months ended 30 September 2023   Change1   9 months ended 30 September 2024   9 months ended 30 September 2023   Change1 Reported                       Revenue 391.2   296.6           32%   1,179.1   919.0           28% Profit Before Tax 79.0   47.6           66%   218.0   157.1           39% Profit Before Tax Margin (%)         20%           16%   400 bps           18%           17%   100 bps Profit After Tax 58.4   32.4           80%   161.3   113.2           42% Profit After Tax Margin (%)         15%           11%   400 bps           14%           12%   200 bps Return on Equity (%)         25%           18%   700 bps           25%           21%   400 bps Basic Earnings per Share ($)2 0.78   0.44           77%   2.20   1.57           40% Diluted Earnings per Share ($)2 0.73   0.41           78%   2.05   1.47           39%                         Adjusted 3                       Operating Profit3 80.5   52.9           52%    239.7   177.4           35% Operating Profit Margin (%)3         21%           18%   300 bps           20%           19%   100 bps Operating Profit after Tax Attributable to Common Equity3 57.5   34.6           66%   173.2   124.7           39% Return on Operating Profit after Tax Attributable to Common Equity (%)3         28%           22%   600 bps           31%           27%   400 bps Adjusted Earnings per Share($)2,3 0.82   0.53           55%    2.51   1.90           32% Adjusted Diluted Earnings per Share ($)2,3 0.76   0.49           55%    2.35   1.78           32% % Change is calculated on numbers presented to the nearest tenth of a million.

Marex Group plc Announces Third Quarter 2024 Results

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”) (Nasdaq: MRX), the diversified global financial services platform, today announces the pricing of the public offering (the “Offering”) of 8,472,333 ordinary shares by certain selling shareholders (the “Selling Shareholders”) at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares.

Marex Group plc Announces Pricing of the Public Offering

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.

Marex Group Plc to Announce Third Quarter 2024 Earnings on November 7, 2024

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the “Offering”) by certain selling shareholders (the “Selling Shareholders”). The Selling Shareholders are offering a total of 7,000,000 ordinary shares.

Marex Group plc Announces Launch of a Public Offering

IPO Stock Of The Week and U.K.-based financial leader Marex is approaching a buy point after a 43% rally in recent months.

IPO Stock Of The Week: Financial Firm Marex Nears Buy Point After 43% Rally

LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'; NASDAQ: MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla' products such as forwards, spots and swaps.

Marex Agrees Terms to Acquire UK FX Specialist Hamilton Court Group

LONDON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Marex Group plc, the diversified global financial services platform, today announces that it has agreed to acquire Aarna Capital Limited (“Aarna Capital”) to expand its operations in the Middle East and grow its clearing business, in line with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital provides clearing, execution and customised risk management solutions in energy, base and ferrous metals, as well as financial markets such as equities, fixed income and FX.

Marex Expands in the Middle East with the Acquisition of Aarna Capital

LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience.

Marex Acquires Biofuels Company Dropet

Marex Group PLC (MRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Marex Group PLC (MRX) Upgraded to Strong Buy: What Does It Mean for the Stock?

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MRX, ANGO, OPRA, ATAT and PAM have been added to the Zacks Rank #1 (Strong Buy) List on September 30, 2024.

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VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.

Key Carbon & Marex Group Announce Carbon Financing and Investment

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'), the diversified global financial services platform, today announces that Ian Lowitt, Group Chief Executive Officer, will be participating in a fireside chat at the Barclays Global Financial Services Conference.

Marex Group plc to participate in upcoming Barclays Global Financial Services Conference

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MRX, CAJPY, NFG, LYTS and MPLX have been added to the Zacks Rank #1 (Strong Buy) List on August 29, 2024.

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DVA, MRX and AIZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 27, 2024.

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Marex Group (NASDAQ: MRX ) just reported results for the second quarter of 2024. Marex Group reported earnings per share of 90 cents.

MRX Stock Earnings: Marex Group Beats EPS, Beats Revenue for Q2 2024

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MRX, SN, and ZIM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 20, 2024.

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ZIM, HCA, MRX, SN and TWO have been added to the Zacks Rank #1 (Strong Buy) List on August 20, 2024.

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ZIM, HCA, and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 20, 2024.

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The little-known brokerage services specialist might become more famous following its blowout second quarter. It trounced analyst estimates for both revenue and profitability.

Why Marex Group Stock Was Skyrocketing This Week

British-based commodities broker Marex Group is planning more acquisitions to diversify the company following a U.S. listing, its CEO told Reuters, in the wake of strong interim results that sent shares to a record high.

Commodities broker Marex plans more acquisitions; shares surge after results

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the six months ended 30 June 2024, and a positive outlook for the full year. H1 2024 Highlights Financial Highlights: ($m) 3 months ended 30 June 2024   3 months ended 31 March 2024   Change1   6 months ended 30 June 2024   6 months ended 30 June 2023   Change1 Reported                       Revenue 422.1   365.8   15%   787.9   622.4   27% Profit Before Tax 80.1   58.9   36%   139.0   109.5   27% Profit Before Tax Margin (%) 19%   16%   300bps   18%   18%   — bps Profit After Tax 59.3   43.6   36%   102.9   80.8   27% Return on Equity (%) 29%   23%   600bps   25%   23%   200 bps Basic Earnings per Share ($)2 0.81   0.60   35%   1.41   1.13   25% Diluted Earnings per Share ($)2 0.76   0.56   36%   1.32   1.06   25%                         Adjusted 3                       Operating Profit3 91.5   67.7   35%   159.2   124.5   28% Operating Profit Margin (%)3 22%   19%   300bps   20%   20%   — bps Operating Profit after Tax Attributable to Common Equity3 66.8   48.9   37%   115.7   90.1   28% Return on Operating Profit after Tax Attributable to Common Equity (%)3 37%   29%   800bps   32%   30%   200 bps Adjusted Earnings per Share($)2,3 0.96   0.74   30%   1.70   1.37   24% Adjusted Diluted Earnings per Share ($)2,3 0.90   0.69   30%   1.59   1.29   23% 1.

Marex Group plc announces 2024 Interim Results

The average of price targets set by Wall Street analysts indicates a potential upside of 34.3% in Marex Group PLC (MRX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Marex Group PLC (MRX) Have the Potential to Rally 34.34% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in Marex Group PLC (MRX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 27.19% Upside in Marex Group PLC (MRX): Here's What You Should Know

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, will announce its first half 2024 results on 14 August 2024 before the markets open. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.

News for Marex Group PLC Stock (MRX)