McBride (LON:MCB) Announces Earnings Results

McBride (LON:MCB) announced its quarterly earnings results on Tuesday. The company reported GBX 10.80 EPS for the quarter, Digital Look Earnings reports. McBride had a net margin of 3.56% and a return on equity of 62.24%.

McBride Stock Performance

Shares of MCB stock opened at GBX 154.40 on Tuesday. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The firm has a 50-day moving average of GBX 149.64 and a 200-day moving average of GBX 130.60. McBride has a one year low of GBX 106.20 and a one year high of GBX 170. The company has a market cap of £267.50 million, a P/E ratio of 8.30, a P/E/G ratio of -0.36 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 190 price objective on shares of McBride in a report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 190.

McBride announced that its board has initiated a stock buyback program on Monday, December 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.