CCL Industries (OTCMKTS:CCDBF) Posts Earnings Results, Misses Expectations By $0.05 EPS

CCL Industries (OTCMKTS:CCDBF) released its quarterly earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05), Zacks reports. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion.

CCL Industries Stock Performance

Shares of OTCMKTS CCDBF opened at $64.12 on Friday. The business’s 50-day moving average price is $63.03 and its two-hundred day moving average price is $59.81. CCL Industries has a one year low of $45.89 and a one year high of $66.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CCDBF shares. BMO Capital Markets reissued an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Two 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, the company has a consensus rating of “Moderate Buy”.

CCL Industries Company Profile

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.