Carclo plc (CAR) Posts Earnings Results, Beats Estimates By $0.20 EPS
Carclo plc (LON:CAR) posted its quarterly earnings results on Tuesday. The company reported GBX 4.50 ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 4.30 ($0.06) by GBX 0.20 ($0.00), Bloomberg Earnings reports. The company had revenue of GBX 721.80 billion for the quarter. Carclo plc had a return on equity of 27.99% and a net margin of 5.74%.
Shares of Carclo plc (LON:CAR) opened at GBX 144.55 ($1.90) on Tuesday. Carclo plc has a 1 year low of GBX 111 ($1.46) and a 1 year high of GBX 180 ($2.37).
In other news, insider Chris Malley bought 14,144 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average price of GBX 141 ($1.85) per share, for a total transaction of £19,943.04 ($26,230.49).
CAR has been the subject of a number of recent analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 200 ($2.63) price objective on shares of Carclo plc in a research report on Tuesday. N+1 Singer restated a “buy” rating and issued a GBX 175 ($2.30) price objective on shares of Carclo plc in a research report on Tuesday. Finally, FinnCap cut shares of Carclo plc to a “hold” rating and set a GBX 165 ($2.17) price objective for the company. in a research report on Thursday, September 7th.
About Carclo plc
Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology.
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