Macfarlane Group (LON:MACF) Announces Earnings Results

Macfarlane Group (LON:MACF) announced its earnings results on Thursday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%.

Macfarlane Group Price Performance

Shares of LON MACF opened at GBX 74.50 on Thursday. The stock has a market cap of £115.71 million, a P/E ratio of 18.72 and a beta of 0.54. Macfarlane Group has a twelve month low of GBX 59.80 and a twelve month high of GBX 99. The stock has a 50 day moving average of GBX 69.05 and a two-hundred day moving average of GBX 67.87. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 74.12.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Macfarlane Group in a report on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 120.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.