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

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

CCL Industries Stock Performance

CCL.A stock opened at C$101.49 on Thursday. The firm has a market cap of C$17.16 billion, a PE ratio of 21.73 and a beta of 0.24. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business has a 50 day moving average of C$95.17 and a 200-day moving average of C$90.20. CCL Industries has a 12-month low of C$81.49 and a 12-month high of C$105.25.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their target price on CCL Industries from C$106.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, CCL Industries currently 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.