Macfarlane Group (LON:MACF) Posts Quarterly Earnings Results

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

Macfarlane Group Stock Performance

LON:MACF traded down GBX 0.20 during midday trading on Thursday, hitting GBX 74.20. The company’s stock had a trading volume of 386,067 shares, compared to its average volume of 312,310. Macfarlane Group has a fifty-two week low of GBX 59.80 and a fifty-two week high of GBX 99. The firm has a market cap of £115.24 million, a P/E ratio of 18.64 and a beta of 0.54. The firm’s 50 day moving average is GBX 69.05 and its 200-day moving average is GBX 67.87. The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a report on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.