CCL Industries (OTCMKTS:CCDBF – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04, Zacks reports. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. CCL Industries had a return on equity of 15.05% and a net margin of 10.11%.
CCL Industries Price Performance
CCDBF stock opened at $71.14 on Thursday. The stock has a market capitalization of $11.02 billion and a price-to-earnings ratio of 20.62. The company has a 50-day moving average of $68.15 and a two-hundred day moving average of $64.95. CCL Industries has a 52-week low of $50.95 and a 52-week high of $76.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.01.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a research note on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
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CCL Industries Company Profile
CCL Industries is a Canadian company that develops and manufactures specialty labels, packaging materials and related products for customers across a range of industries. Its offerings include pressure-sensitive labels, shrink sleeves, in-mold labels, tags and RFID-enabled solutions used to identify, decorate and track products. The company also makes specialty films and materials, and provides consumer and retail products such as labels and office supplies through its Avery business. Its Checkpoint operations offer loss-prevention and inventory-management solutions for retailers.
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