Cranswick (CWK) Releases Quarterly Earnings Results, Beats Expectations By $2.80 EPS
Cranswick (LON:CWK) issued its quarterly earnings data on Tuesday. The company reported GBX 70 ($0.94) EPS for the quarter, topping the consensus estimate of GBX 67.20 ($0.90) by GBX 2.80 ($0.04), Bloomberg Earnings reports. The firm had revenue of GBX 7,146 billion during the quarter. Cranswick had a return on equity of 15.21% and a net margin of 4.68%.
Shares of Cranswick (CWK) traded down GBX 2 ($0.03) during midday trading on Thursday, reaching GBX 3,236 ($43.34). The company’s stock had a trading volume of 50,586 shares, compared to its average volume of 60,884. Cranswick has a 1-year low of GBX 2,148 ($28.77) and a 1-year high of GBX 3,311 ($44.34).
Several equities analysts have recently issued reports on CWK shares. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,990 ($40.04) target price on shares of Cranswick in a report on Monday, August 21st. Whitman Howard reaffirmed a “hold” rating and issued a GBX 2,700 ($36.16) target price on shares of Cranswick in a report on Friday, September 29th. Shore Capital reaffirmed a “house stock” rating on shares of Cranswick in a report on Tuesday. Numis Securities raised Cranswick to an “add” rating and upped their target price for the company from GBX 2,870 ($38.44) to GBX 3,350 ($44.86) in a report on Tuesday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,225 ($43.19) target price on shares of Cranswick in a report on Friday, September 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 2,868.57 ($38.42).
In other news, insider Mark Bottomley acquired 28 shares of Cranswick stock in a transaction on Wednesday, September 20th. The stock was acquired at an average cost of GBX 2,787 ($37.32) per share, with a total value of £780.36 ($1,045.08).
Cranswick Company Profile
Cranswick plc is a supplier of food products. The Company operates through Foods segment, which is engaged in the manufacture and supply of food products to the United Kingdom grocery retailers, the food service sector and other food producers. The Company provides a range of pork, gourmet sausages, cooked meats, cooked poultry, charcuterie, hand-cured and air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
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