Transcontinental (TSE:TCL.A) Announces Quarterly Earnings Results

Transcontinental (TSE:TCL.A) released its quarterly earnings results on Tuesday. The company reported C$0.08 earnings per share for the quarter, FiscalAI reports. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The business had revenue of C$263.50 million for the quarter.

Transcontinental Trading Down 1.1%

Transcontinental stock traded down C$0.25 during trading on Tuesday, hitting C$23.22. The company had a trading volume of 33,527 shares, compared to its average volume of 531,850. Transcontinental has a 1-year low of C$15.97 and a 1-year high of C$25.65. The company’s 50 day simple moving average is C$23.17 and its 200-day simple moving average is C$21.34. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 6.05 and a beta of 0.74.

Analyst Ratings Changes

A number of research firms have recently commented on TCL.A. Scotiabank boosted their target price on shares of Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 9th. National Bank Financial boosted their price target on shares of Transcontinental from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. BMO Capital Markets raised their price objective on Transcontinental from C$23.00 to C$27.00 in a research note on Tuesday, December 9th. TD Securities raised their price target on Transcontinental from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada increased their price target on shares of Transcontinental from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.33.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.