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

CCL Industries (OTCMKTS:CCDBF) posted its quarterly earnings results on Wednesday. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03, Zacks reports. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 CCDBF stock opened at $63.34 on Friday. The company has a market cap of $10.19 billion and a price-to-earnings ratio of 85.59. CCL Industries has a 52 week low of $50.64 and a 52 week high of $69.49. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $63.03 and a 200-day moving average of $62.10.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CCL Industries presently has an average 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.