CCL Industries (OTCMKTS:CCDBF) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

CCL Industries (OTCMKTS:CCDBF) released its quarterly earnings results on Tuesday. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04, Zacks reports. CCL Industries had a net margin of 10.27% and a return on equity of 14.75%.

CCL Industries Price Performance

CCDBF traded up $0.18 during trading on Tuesday, hitting $70.60. 27,148 shares of the stock traded hands, compared to its average volume of 18,575. The business has a 50 day moving average price of $67.96 and a 200 day moving average price of $64.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.01. CCL Industries has a twelve month low of $50.95 and a twelve month high of $75.17. The company has a market cap of $10.94 billion and a price-to-earnings ratio of 27.26.

Analysts Set New Price Targets

CCDBF has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of CCL Industries in a research note on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CCL Industries has a consensus rating of “Moderate Buy”.

CCL Industries Company Profile

CCL Industries is a Canadian company that develops and manufactures specialty labels, packaging materials and related products for customers across a range of industries. Its offerings include pressure-sensitive labels, shrink sleeves, in-mold labels, tags and RFID-enabled solutions used to identify, decorate and track products. The company also makes specialty films and materials, and provides consumer and retail products such as labels and office supplies through its Avery business. Its Checkpoint operations offer loss-prevention and inventory-management solutions for retailers.