CCL Industries (CCDBF) Expected to Post Quarterly Earnings on Wednesday

CCL Industries (OTCMKTS:CCDBFGet Free Report) will likely be announcing its resultson Wednesday, August 12th. Analysts expect the company to post earnings of $0.8790 per share and revenue of $1.4293 billion for the quarter.

CCL Industries (OTCMKTS:CCDBFGet Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a return on equity of 14.62% and a net margin of 10.37%.

CCL Industries Stock Performance

Shares of OTCMKTS CCDBF opened at $66.61 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market cap of $10.52 billion and a P/E ratio of 41.37. CCL Industries has a 1 year low of $50.95 and a 1 year high of $75.17. The stock has a fifty day moving average price of $63.35 and a two-hundred day moving average price of $63.32.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of CCL Industries in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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About CCL Industries

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CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.

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