Norcros (LON:NXR – Get Free Report) issued its earnings results on Wednesday. The company reported GBX 36.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of £393.40 million during the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%.
Norcros Stock Down 2.8%
Shares of NXR opened at GBX 291.71 on Wednesday. The business’s 50 day moving average is GBX 285.19 and its 200 day moving average is GBX 309.18. The company has a market capitalization of £262.21 million, a PE ratio of 20.84 and a beta of 1.02. Norcros has a 12-month low of GBX 252 and a 12-month high of GBX 374. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 65.07.
Analysts Set New Price Targets
NXR has been the subject of several recent research reports. Shore Capital Group reiterated a “house stock” rating and issued a GBX 630 price objective on shares of Norcros in a research report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 440 target price on shares of Norcros in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Norcros currently has an average rating of “Buy” and a consensus price target of GBX 470.
Norcros Company Profile
Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.
Based in the UK, Norcros operates under six brands:
· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks
Based in South Africa, Norcros operates under four brands:
· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials
Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.
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