Macfarlane Group (LON:MACF) Announces Quarterly Earnings Results

Macfarlane Group (LON:MACF) announced its quarterly earnings results on Thursday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%.

Macfarlane Group Trading Down 0.3%

MACF stock traded down GBX 0.20 during mid-day trading on Thursday, reaching GBX 74.20. 386,067 shares of the stock traded hands, compared to its average volume of 312,310. The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98. Macfarlane Group has a one year low of GBX 59.80 and a one year high of GBX 99. The stock has a market capitalization of £115.24 million, a PE ratio of 18.64 and a beta of 0.54. The business has a 50-day moving average price of GBX 69.22 and a two-hundred day moving average price of GBX 67.88.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 120.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.