Bunzl (LON:BNZL) Announces Earnings Results

Key Points

• Bunzl reported quarterly earnings of GBX 77.80 per share with a return on equity of 16.82% and a net margin of 4.20%.
• The company's shares saw a 4.6% increase, with a current market capitalization of £8.16 billion and a price-to-earnings ratio of 17.24.
• Analysts have mixed ratings on Bunzl, with a consensus rating of "Hold" and an average price target of GBX 3,108.

Bunzl (LON:BNZL - Get Free Report) released its earnings results on Tuesday. The company reported GBX 77.80 earnings per share for the quarter, Digital Look Earnings reports. Bunzl had a net margin of 4.20% and a return on equity of 16.82%.

Bunzl Stock Performance

Shares of LON BNZL remained flat at GBX 2,490 during mid-day trading on Thursday. 1,018,529 shares of the stock traded hands, compared to its average volume of 1,679,550. The firm has a market cap of £8.14 billion, a P/E ratio of 17.21, a P/E/G ratio of 5.40 and a beta of 0.45. The firm's fifty day moving average price is GBX 2,314.14 and its two-hundred day moving average price is GBX 2,592.58. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. Bunzl has a 12 month low of GBX 2,210 and a 12 month high of GBX 3,732.

Insider Transactions at Bunzl

In other news, insider Jacky Simmonds acquired 2,200 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was bought at an average price of GBX 2,328 per share, with a total value of £51,216. Also, insider Richard Howes acquired 4,471 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average cost of GBX 2,219 per share, with a total value of £99,211.49. Over the last 90 days, insiders bought 15,132 shares of company stock valued at $34,939,160. Corporate insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BNZL. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,350 price target on shares of Bunzl in a research note on Tuesday. UBS Group restated a "sell" rating and set a GBX 2,200 price target on shares of Bunzl in a research note on Friday, August 15th. Finally, Shore Capital restated a "buy" rating and set a GBX 3,040 price target on shares of Bunzl in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 2,908.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.