Castings (LON:CGS) Releases Earnings Results, Misses Expectations By $0.24 EPS

Castings (LON:CGS) issued its quarterly earnings data on Wednesday. The company reported GBX 28.16 ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 28.40 ($0.37) by GBX (0.24) ($0.00), Bloomberg Earnings reports.

LON CGS remained flat at $GBX 449 ($5.87) during trading on Friday. The company’s stock had a trading volume of 2,838 shares, compared to its average volume of 2,096. The firm has a market cap of $188.49 million and a P/E ratio of 20.23. Castings has a 52 week low of GBX 341 ($4.46) and a 52 week high of GBX 444 ($5.80).

The company also recently announced a dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Thursday, June 20th will be given a GBX 15 ($0.20) dividend. This is an increase from Castings’s previous dividend of $11.40. This represents a yield of 3.36%. The ex-dividend date is Thursday, June 20th. Castings’s payout ratio is currently 0.63%.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 ($6.14) target price on shares of Castings in a research report on Wednesday, May 1st.

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About Castings

Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.

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