CCL Industries (OTCMKTS:CCDBF – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03, Zacks reports. CCL Industries had a return on equity of 14.69% and a net margin of 10.47%.
CCL Industries Trading Up 0.6%
Shares of OTCMKTS:CCDBF traded up $0.37 during mid-day trading on Wednesday, reaching $61.63. 326 shares of the company’s stock were exchanged, compared to its average volume of 2,088. The firm has a market capitalization of $9.92 billion and a price-to-earnings ratio of 83.28. CCL Industries has a twelve month low of $50.64 and a twelve month high of $69.49. The business’s fifty day moving average price is $63.25 and its 200-day moving average price is $62.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.42.
Analyst Ratings Changes
Separately, Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
CCL Industries Company Profile
CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.
Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.
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