Macfarlane Group (LON:MACF) Issues Earnings Results

Macfarlane Group (LON:MACF) announced its earnings results on Thursday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 2.01% and a return on equity of 5.10%.

Macfarlane Group Trading Up 3.8%

Shares of MACF traded up GBX 2.80 during trading hours on Friday, reaching GBX 77. 907,527 shares of the company traded hands, compared to its average volume of 315,896. The company’s fifty day moving average price is GBX 69.42 and its two-hundred day moving average price is GBX 67.95. The company has a market capitalization of £119.59 million, a price-to-earnings ratio of 19.35 and a beta of 0.54. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 73.35. Macfarlane Group has a 12 month low of GBX 59.80 and a 12 month high of GBX 99.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MACF. Berenberg Bank reiterated a “hold” rating and set a GBX 82 price target on shares of Macfarlane Group in a research report on Friday. Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research note on Thursday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 82.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.