CCL Industries (OTCMKTS:CCDBF) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

CCL Industries (OTCMKTS:CCDBF) posted its quarterly earnings data on Wednesday. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10, Zacks reports. 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 traded down $1.00 during trading on Wednesday, hitting $65.61. 52,711 shares of the company were exchanged, compared to its average volume of 12,422. CCL Industries has a 52-week low of $50.95 and a 52-week high of $75.17. The stock has a 50 day moving average of $63.74 and a 200 day moving average of $63.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.39 and a quick ratio of 1.05. The company has a market cap of $10.36 billion and a PE ratio of 40.75.

Analysts Set New Price Targets

Several brokerages have issued reports on CCDBF. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. TD Securities reiterated a “buy” rating on shares of CCL Industries in a research note 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

CCL Industries Company Profile

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.