Castings (LON:CGS) Issues Earnings Results

Castings (LON:CGS) issued its quarterly earnings data on Wednesday. The company reported GBX 28.16 ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 28.40 ($0.37) by GBX (0.24) ($0.00), Bloomberg Earnings reports.

LON:CGS opened at GBX 432 ($5.64) on Thursday. The company has a market capitalization of $188.49 million and a PE ratio of 19.46. Castings has a 12-month low of GBX 341 ($4.46) and a 12-month high of GBX 444 ($5.80).

The business also recently announced a dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Thursday, June 20th will be issued a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a dividend yield of 3.36%. This is a positive change from Castings’s previous dividend of $11.40. Castings’s payout ratio is presently 0.63%.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 470 ($6.14) target price on shares of Castings in a report on Monday.

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Castings Company Profile

Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.

Further Reading: What is an investor looking for in an SEC filing?

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