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.
TRADEMARK VIOLATION WARNING: This report was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.thestockobserver.com/2019/06/14/castings-loncgs-releases-earnings-results-misses-expectations-by-0-24-eps.html.
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.
Further Reading: What is the Beige Book?
Receive News & Ratings for Castings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castings and related companies with MarketBeat.com's FREE daily email newsletter.