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

CCL Industries (OTCMKTS:CCDBF) issued its quarterly earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10, Zacks reports. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%.

CCL Industries Trading Down 1.5%

OTCMKTS CCDBF traded down $1.00 during trading hours on Wednesday, hitting $65.61. The company’s stock had a trading volume of 52,711 shares, compared to its average volume of 12,422. CCL Industries has a twelve month low of $50.95 and a twelve month high of $75.17. The firm has a market capitalization of $10.36 billion and a P/E ratio of 40.75. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $63.74 and a 200 day moving average of $63.47.

Analysts Set New Price Targets

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