CCL Industries (OTCMKTS:CCDBF – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10, Zacks reports. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.43 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%.
CCL Industries Price Performance
OTCMKTS CCDBF traded down $0.72 during trading hours on Thursday, reaching $65.89. The company’s stock had a trading volume of 100 shares, compared to its average volume of 12,421. 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 company’s 50-day moving average is $63.85 and its two-hundred day moving average is $63.48. CCL Industries has a fifty-two week low of $50.95 and a fifty-two week high of $75.17. The stock has a market cap of $10.40 billion and a PE ratio of 40.93.
Analyst Ratings Changes
A number of research analysts have recently issued reports on CCDBF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a report on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
About CCL Industries
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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