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

CCL Industries (OTCMKTS:CCDBFGet Free Report) announced its earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03, Zacks reports. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.71%.

CCL Industries Stock Performance

Shares of OTCMKTS CCDBF opened at $63.34 on Friday. The firm has a 50 day moving average of $63.03 and a 200 day moving average of $62.10. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.19 billion and a price-to-earnings ratio of 85.59. CCL Industries has a 12-month low of $50.64 and a 12-month high of $69.49.

Analysts Set New Price Targets

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

Read Our Latest Analysis on CCL Industries

CCL Industries Company Profile

(Get Free Report)

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.

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