Transcontinental (TSE:TCL.A) Posts Quarterly Earnings Results

Transcontinental (TSE:TCL.A) issued its quarterly earnings results on Thursday. The company reported C$0.52 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$732.40 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.

Transcontinental Stock Down 0.5%

TCL.A opened at C$23.48 on Friday. The stock’s 50 day moving average price is C$20.05 and its 200 day moving average price is C$20.19. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a market cap of C$1.96 billion, a P/E ratio of 11.23, a P/E/G ratio of 6.05 and a beta of 0.79. Transcontinental has a 12 month low of C$15.97 and a 12 month high of C$25.65.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. National Bankshares boosted their target price on shares of Transcontinental from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank Of Canada boosted their price objective on shares of Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Friday. Cormark dropped their price objective on shares of Transcontinental from C$27.00 to C$26.00 in a research note on Monday, September 8th. BMO Capital Markets lifted their target price on Transcontinental from C$23.00 to C$27.00 in a research note on Tuesday. Finally, Scotiabank upped their target price on Transcontinental from C$23.25 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$26.43.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting.