CCL Industries (TSE:CCL.A) Issues Earnings Results

CCL Industries (TSE:CCL.A) released its quarterly earnings data on Tuesday. The company reported C$1.36 earnings per share for the quarter, FiscalAI reports. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. The company had revenue of C$2.22 billion during the quarter.

CCL Industries Stock Up 2.0%

TSE:CCL.A traded up C$2.00 during midday trading on Wednesday, reaching C$101.49. 221 shares of the stock traded hands, compared to its average volume of 492. CCL Industries has a 12-month low of C$81.49 and a 12-month high of C$105.25. The business has a 50-day moving average of C$95.17 and a two-hundred day moving average of C$90.20. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The stock has a market capitalization of C$17.16 billion, a PE ratio of 21.73 and a beta of 0.24.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their price target on shares of CCL Industries from C$106.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$115.00.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.