Clarkson (LON:CKN) Issues Earnings Results

Clarkson (LON:CKN) released its quarterly earnings data on Monday. The company reported GBX 147.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Clarkson had a net margin of 10.41% and a return on equity of 12.93%.

Clarkson Price Performance

Shares of CKN stock opened at GBX 5,170 on Monday. Clarkson has a twelve month low of GBX 3,365 and a twelve month high of GBX 5,485. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66. The stock has a fifty day simple moving average of GBX 4,575.98 and a two-hundred day simple moving average of GBX 4,524.08. The stock has a market capitalization of £1.59 billion, a price-to-earnings ratio of 24.28 and a beta of 0.70.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and raised their target price for the stock from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,775.

Insider Buying and Selling at Clarkson

In related news, insider Jeff Woyda sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total value of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of GBX 4,412 per share, with a total value of £49,723.24. Company insiders own 5.37% of the company’s stock.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.