Norcros (LON:NXR) Announces Quarterly Earnings Results

Norcros (LON:NXR) issued its quarterly earnings data on Wednesday. The company reported GBX 36.30 earnings per share for the quarter, Digital Look Earnings reports. Norcros had a return on equity of 0.15% and a net margin of 0.08%.The business had revenue of £393.40 million for the quarter.

Norcros Trading Down 2.8%

Shares of Norcros stock opened at GBX 291.71 on Wednesday. Norcros has a 52-week low of GBX 252 and a 52-week high of GBX 374. The stock’s 50-day simple moving average is GBX 285.19 and its 200 day simple moving average is GBX 309.18. The stock has a market capitalization of £262.21 million, a P/E ratio of 20.84 and a beta of 1.02. The company has a debt-to-equity ratio of 65.07, a quick ratio of 0.91 and a current ratio of 1.92.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price target on shares of Norcros in a research report on Thursday, June 11th. Shore Capital Group reiterated a “house stock” rating and set a GBX 630 price target on shares of Norcros in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Norcros currently has a consensus rating of “Buy” and a consensus price target of GBX 470.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.