Castings (LON:CGS) Releases Quarterly Earnings Results

Castings (LON:CGS) released its quarterly earnings data on Wednesday. The company reported GBX 17.36 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of £173.23 million for the quarter. Castings had a return on equity of 5.98% and a net margin of 4.36%.

Castings Price Performance

Shares of LON:CGS opened at GBX 336 on Friday. The firm has a market cap of £146.08 million, a P/E ratio of 30.43 and a beta of 0.44. The company has a quick ratio of 2.76, a current ratio of 3.36 and a debt-to-equity ratio of 1.69. Castings has a 12-month low of GBX 202.28 and a 12-month high of GBX 338. The business has a fifty day simple moving average of GBX 274.18 and a 200 day simple moving average of GBX 267.12.

Insider Buying and Selling

In related news, insider Adam Vicary purchased 5,000 shares of Castings stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of GBX 220 per share, for a total transaction of £11,000. Insiders own 1.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on Castings from GBX 335 to GBX 390 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 390.

About Castings

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.