CCL Industries (TSE:CCL.A) Releases Quarterly Earnings Results

CCL Industries (TSE:CCL.A) announced its earnings results on Tuesday. The company reported C$1.36 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$2.22 billion during the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%.

CCL Industries Trading Up 2.0%

Shares of CCL.A traded up C$2.00 during midday trading on Wednesday, reaching C$101.49. The company had a trading volume of 221 shares, compared to its average volume of 492. CCL Industries has a 1-year low of C$81.49 and a 1-year high of C$105.25. The stock has a market cap of C$17.16 billion, a PE ratio of 21.73 and a beta of 0.24. The firm has a 50 day simple moving average of C$95.17 and a 200-day simple moving average of C$90.20. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08.

Analyst Ratings Changes

Separately, National Bank Financial boosted their price objective on shares of CCL Industries from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, CCL Industries presently has a consensus rating of “Buy” and an average price target of C$115.00.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.