Castings (LON:CGS) Releases Earnings Results

Castings (LON:CGS) released its quarterly earnings data on Wednesday. The company reported GBX 3.48 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Castings had a return on equity of 5.98% and a net margin of 4.36%. The firm had revenue of GBX 8,595 million during the quarter.

Castings Price Performance

Castings stock remained flat at GBX 265 during trading hours on Thursday. The company’s stock had a trading volume of 42,353 shares, compared to its average volume of 37,464. Castings has a 12 month low of GBX 202.28 and a 12 month high of GBX 340. The company has a market cap of £115.21 million, a PE ratio of 15.36 and a beta of 0.44. The firm has a fifty day simple moving average of GBX 282.51 and a two-hundred day simple moving average of GBX 282.97. The company has a quick ratio of 2.76, a current ratio of 3.36 and a debt-to-equity ratio of 1.69.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 390 target price on shares of Castings in a research report on Wednesday. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 390.

Castings Company Profile

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.