Clarkson (LON:CKN) Posts Earnings Results

Clarkson (LON:CKN) released its quarterly earnings data on Monday. The company reported GBX 147.60 earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 12.93% and a net margin of 10.41%.

Clarkson Stock Performance

LON CKN opened at GBX 5,170 on Monday. The company has a debt-to-equity ratio of 10.66, a current ratio of 1.78 and a quick ratio of 1.69. The stock’s 50 day simple moving average is GBX 4,575.98 and its 200-day simple moving average is GBX 4,524.08. The company has a market cap of £1.59 billion, a PE ratio of 24.28 and a beta of 0.70. Clarkson has a 1-year low of GBX 3,365 and a 1-year high of GBX 5,485.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and upped their price objective for the company from GBX 4,400 to GBX 4,650 in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Insider Transactions at Clarkson

In other Clarkson news, insider Constantin Cotzias purchased 1,127 shares of the stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. Also, insider Jeff Woyda sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Insiders own 5.37% of the company’s stock.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.