Carclo plc (CAR) Announces Earnings Results
Carclo plc (LON:CAR) posted its earnings results on Tuesday. The company reported GBX 4.50 ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 4.30 ($0.06) by GBX 0.20 ($0.00), Bloomberg Earnings reports. The firm had revenue of GBX 721.80 billion during the quarter. Carclo plc had a net margin of 5.74% and a return on equity of 27.99%.
Shares of Carclo plc (LON CAR) traded down GBX 3.50 ($0.05) during trading hours on Thursday, hitting GBX 139 ($1.83). 12,923 shares of the stock were exchanged, compared to its average volume of 22,955. Carclo plc has a 12 month low of GBX 113.25 ($1.49) and a 12 month high of GBX 180 ($2.37).
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In related news, insider Chris Malley purchased 14,144 shares of Carclo plc stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of GBX 141 ($1.85) per share, with a total value of £19,943.04 ($26,230.49).
CAR has been the subject of a number of analyst reports. Peel Hunt reissued a “buy” rating and set a GBX 200 ($2.63) target price on shares of Carclo plc in a research note on Thursday, September 7th. FinnCap lowered shares of Carclo plc to a “hold” rating and set a GBX 165 ($2.17) price target for the company. in a research note on Thursday, September 7th. Finally, N+1 Singer reaffirmed a “buy” rating and issued a GBX 175 ($2.30) price target on shares of Carclo plc in a research note on Tuesday.
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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