CCL Industries (OTCMKTS:CCDBF) Releases Earnings Results, Beats Expectations By $0.10 EPS

CCL Industries (OTCMKTS:CCDBF) posted its quarterly earnings results on Wednesday. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.10, Zacks reports. CCL Industries had a net margin of 10.27% and a return on equity of 14.78%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.43 billion.

CCL Industries Stock Up 1.5%

Shares of CCDBF stock traded up $1.00 on Friday, reaching $69.85. 100 shares of the stock were exchanged, compared to its average volume of 12,387. The company has a market capitalization of $10.99 billion and a price-to-earnings ratio of 43.39. The business’s 50 day moving average price is $64.05 and its 200 day moving average price is $63.52. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. CCL Industries has a twelve month low of $50.95 and a twelve month high of $75.17.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCDBF. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a report on Friday, May 15th. TD Securities reissued a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company 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.