Castings (LON:CGS) Releases Earnings Results

Castings (LON:CGS) issued its earnings results on Wednesday. The company reported GBX 17.36 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of £173.23 million for the quarter. Castings had a return on equity of 3.83% and a net margin of 2.75%.

Castings Stock Performance

Shares of Castings stock opened at GBX 330.04 on Thursday. The stock has a market cap of £143.49 million, a PE ratio of 29.89 and a beta of 0.44. The business has a fifty day simple moving average of GBX 272.12 and a 200-day simple moving average of GBX 266.67. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 1.71. Castings has a 12 month low of GBX 202.28 and a 12 month high of GBX 338.

Insider Activity at Castings

In other Castings news, insider Adam Vicary bought 5,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of GBX 220 per share, with a total value of £11,000. 1.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on Castings from GBX 335 to GBX 390 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Castings has an average rating of “Buy” and a consensus target price of GBX 390.

About Castings

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.