Castings (LON:CGS) Posts Earnings Results

Castings (LON:CGS) issued its quarterly earnings results on Wednesday. The company reported GBX 9.60 ($0.13) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Castings had a net margin of 7.45% and a return on equity of 12.83%.

Castings Stock Performance

CGS opened at GBX 280 ($3.78) on Wednesday. The business’s 50-day simple moving average is GBX 258.86 and its 200-day simple moving average is GBX 262.49. Castings has a one year low of GBX 224 ($3.02) and a one year high of GBX 400 ($5.40). The stock has a market capitalization of £122.74 million, a P/E ratio of 7.37 and a beta of 0.60.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their target price on Castings from GBX 340 ($4.59) to GBX 325 ($4.39) and set a “buy” rating on the stock in a report on Tuesday, February 18th.

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.