Macfarlane Group (LON:MACF) Posts Quarterly 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 Stock Performance

MACF traded up GBX 2.80 during trading on Friday, reaching GBX 77. The company’s stock had a trading volume of 907,527 shares, compared to its average volume of 315,896. The company has a debt-to-equity ratio of 73.35, a quick ratio of 0.79 and a current ratio of 0.98. The company’s fifty day moving average price is GBX 69.42 and its 200-day moving average price is GBX 67.95. Macfarlane Group has a 52-week low of GBX 59.80 and a 52-week high of GBX 99. The company has a market capitalization of £119.59 million, a price-to-earnings ratio of 19.35 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Shore Capital Group reaffirmed a “house stock” rating on shares of Macfarlane Group in a research note on Thursday. Berenberg Bank restated a “hold” rating and set a GBX 82 price target on shares of Macfarlane Group in a research note on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 82.

Macfarlane Group Company Profile

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.