Castings (LON:CGS) Issues Quarterly Earnings Results

Castings (LON:CGS) released its quarterly earnings results on Wednesday. The company reported GBX 3.48 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 8,595 million during the quarter. Castings had a return on equity of 5.98% and a net margin of 4.36%.

Castings Price Performance

Shares of CGS remained flat at GBX 265 during trading hours on Thursday. The stock had a trading volume of 42,353 shares, compared to its average volume of 37,464. The company has a current ratio of 3.36, a quick ratio of 2.76 and a debt-to-equity ratio of 1.69. Castings has a 12 month low of GBX 202.28 and a 12 month high of GBX 340. The stock has a market capitalization of £115.21 million, a P/E ratio of 15.36 and a beta of 0.44. The business’s fifty day simple moving average is GBX 282.51 and its two-hundred day simple moving average is GBX 282.97.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 390 target price on shares of Castings in a report on Wednesday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 390.

Castings Company Profile

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.