CCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report) reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $76.98 and last traded at $76.98, with a volume of 113 shares trading hands. The stock had previously closed at $70.42.
The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.48 billion. CCL Industries had a net margin of 10.27% and a return on equity of 14.75%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on CCDBF shares. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of CCL Industries in a research report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on CCL Industries
CCL Industries Stock Performance
The stock has a market capitalization of $11.27 billion and a PE ratio of 28.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.39. The firm’s 50 day moving average is $68.04 and its two-hundred day moving average is $64.92.
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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