Treatt (LON:TET) Issues Quarterly Earnings Results

Treatt (LON:TET) announced its quarterly earnings results on Wednesday. The company reported GBX 3.04 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 5,986 million for the quarter. Treatt had a return on equity of 3.64% and a net margin of 3.82%.

Treatt Stock Performance

TET stock traded up GBX 93.50 during midday trading on Wednesday, hitting GBX 299. The stock had a trading volume of 8,006,995 shares, compared to its average volume of 299,636. The firm has a market capitalization of £176.51 million, a price-to-earnings ratio of 35.77 and a beta of 0.68. Treatt has a 52 week low of GBX 180 and a 52 week high of GBX 301. The stock has a 50-day simple moving average of GBX 206.43 and a 200 day simple moving average of GBX 214.94. The company has a current ratio of 3.16, a quick ratio of 0.87 and a debt-to-equity ratio of 6.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TET. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a research note on Friday, March 27th. Berenberg Bank restated a “buy” rating and issued a GBX 270 price objective on shares of Treatt in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Treatt presently has an average rating of “Hold” and a consensus target price of GBX 248.33.

About Treatt

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.