CCL Industries (OTCMKTS:CCDBF – Get Free Report) posted its earnings results on Tuesday. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04, Zacks reports. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. CCL Industries had a return on equity of 14.75% and a net margin of 10.27%.
CCL Industries Stock Performance
CCL Industries stock opened at $70.60 on Wednesday. CCL Industries has a 1-year low of $50.95 and a 1-year high of $75.17. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.94 billion and a PE ratio of 27.26. The firm’s 50 day simple moving average is $68.04 and its 200 day simple moving average is $64.92.
Analysts Set New Price Targets
A number of analysts recently issued reports on CCDBF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a report on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on CCL Industries
About CCL Industries
CCL Industries is a Canadian company that develops and manufactures specialty labels, packaging materials and related products for customers across a range of industries. Its offerings include pressure-sensitive labels, shrink sleeves, in-mold labels, tags and RFID-enabled solutions used to identify, decorate and track products. The company also makes specialty films and materials, and provides consumer and retail products such as labels and office supplies through its Avery business. Its Checkpoint operations offer loss-prevention and inventory-management solutions for retailers.
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