CCL Industries (OTCMKTS:CCDBF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

CCL Industries (OTCMKTS:CCDBF) announced its quarterly earnings data on Wednesday. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03, Zacks reports. CCL Industries had a net margin of 10.47% and a return on equity of 14.69%.

CCL Industries Stock Performance

Shares of OTCMKTS CCDBF traded up $0.37 during midday trading on Wednesday, hitting $61.63. The company’s stock had a trading volume of 326 shares, compared to its average volume of 2,088. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.42. CCL Industries has a 1-year low of $50.64 and a 1-year high of $69.49. The firm’s fifty day moving average price is $63.25 and its 200-day moving average price is $62.03. The firm has a market cap of $9.92 billion and a P/E ratio of 83.28.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CCL Industries 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.