Cranswick (LON:CWK) Releases Earnings Results

Cranswick (LON:CWK) issued its quarterly earnings data on Tuesday. The company reported GBX 301.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 298.25 billion for the quarter. Cranswick had a net margin of 5.17% and a return on equity of 14.71%.

Cranswick Stock Performance

Shares of CWK opened at GBX 5,560 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.02 and a debt-to-equity ratio of 40.43. The firm has a market cap of £2.98 billion, a PE ratio of 20.55, a P/E/G ratio of 2.62 and a beta of 0.56. Cranswick has a 12 month low of GBX 4,805 and a 12 month high of GBX 5,620. The stock has a fifty day moving average price of GBX 5,263.55 and a 200-day moving average price of GBX 5,156.33.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,770 target price on shares of Cranswick in a research report on Tuesday, January 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Cranswick in a report on Monday, February 2nd. Finally, Shore Capital Group reissued a “house stock” rating on shares of Cranswick in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 5,790.

Insider Activity

In related news, insider Adam Couch sold 347 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 507, for a total transaction of £1,759.29. Also, insider Mark Bottomley sold 250 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 5,097, for a total value of £12,742.50. Over the last ninety days, insiders have purchased 8 shares of company stock worth $42,490 and have sold 707 shares worth $2,010,739. Corporate insiders own 2.54% of the company’s stock.

About Cranswick

Cranswick is a leading and innovative supplier of premium, fresh and added-value food products with revenues of more than £2.7 billion. The business employs over 15,400 people and operates from 23 well-invested, highly efficient facilities in the UK. Cranswick was formed in the early 1970s by farmers in East Yorkshire to produce animal feed and has since evolved into a business which produces a range of high-quality, predominantly fresh food, including fresh pork, poultry, convenience, gourmet products and pet food.