CCL Industries (OTCMKTS:CCDBF) Announces Earnings Results, Beats Expectations By $0.10 EPS

CCL Industries (OTCMKTS:CCDBF) posted its earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10, Zacks reports. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%.

CCL Industries Price Performance

CCL Industries stock traded down $1.00 during mid-day trading on Wednesday, hitting $65.61. 52,711 shares of the company traded hands, compared to its average volume of 12,422. CCL Industries has a one year low of $50.95 and a one year high of $75.17. The stock has a market cap of $10.36 billion and a price-to-earnings ratio of 40.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39. The stock has a fifty day moving average price of $63.74 and a 200-day moving average price of $63.47.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCDBF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of CCL Industries in a research report on Tuesday, July 21st. TD Securities reiterated a “buy” rating on shares of CCL Industries in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.