Cranswick (LON:CWK) Issues Earnings Results

Cranswick (LON:CWKGet Free Report) announced its quarterly earnings data on Tuesday. The company reported GBX 301.70 EPS for the quarter, Digital Look Earnings reports. Cranswick had a net margin of 5.17% and a return on equity of 14.71%. The business had revenue of GBX 298.25 billion during the quarter.

Cranswick Stock Up 6.3%

Shares of LON CWK opened at GBX 5,560 on Tuesday. The company’s 50 day moving average price is GBX 5,263.55 and its 200-day moving average price is GBX 5,156.33. The company has a debt-to-equity ratio of 40.43, a quick ratio of 1.02 and a current ratio of 1.78. Cranswick has a 52-week low of GBX 4,805 and a 52-week high of GBX 5,620. The company has a market capitalization of £2.98 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Mark Bottomley sold 250 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total value of £12,742.50. Also, insider Adam Couch sold 347 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 507, for a total transaction of £1,759.29. In the last three months, insiders have purchased 8 shares of company stock valued at $42,490 and have sold 707 shares valued at $2,010,739. 2.54% of the stock is owned by company insiders.

Analyst Ratings Changes

CWK has been the topic of a number of research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Cranswick in a report on Tuesday. Berenberg Bank restated a “hold” rating and set a GBX 5,770 price objective on shares of Cranswick in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Cranswick in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,790.

Check Out Our Latest Stock Analysis on CWK

Cranswick Company Profile

(Get Free Report)

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.

Further Reading

Earnings History for Cranswick (LON:CWK)

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