CCL Industries (CCDBF) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• CCL Industries will report quarterly results on Wednesday, May 13, with analysts projecting $0.8410 EPS and $1.3855 billion in revenue.
• In the prior quarter the company missed estimates, posting $0.74 EPS vs. $0.79 expected and $1.37 billion in revenue, with a net margin of 10.47% and ROE of 14.69%.
• Shares carry a market capitalization of about $9.88 billion and a high P/E of 82.99, and the stock has a consensus rating of "Moderate Buy" after a recent downgrade by Scotiabank to "sector perform."

CCL Industries (OTCMKTS:CCDBF - Get Free Report) is expected to be issuing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.8410 per share and revenue of $1.3855 billion for the quarter.

CCL Industries (OTCMKTS:CCDBF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.05). CCL Industries had a return on equity of 14.69% and a net margin of 10.47%.The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion.

CCL Industries Stock Performance

CCL Industries stock opened at $61.41 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.42 and a quick ratio of 1.07. CCL Industries has a 1-year low of $50.64 and a 1-year high of $69.49. The firm has a market capitalization of $9.88 billion and a P/E ratio of 82.99. The company's 50-day moving average is $63.70 and its 200 day moving average is $61.80.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of CCL Industries from an "outperform" rating to a "sector perform" rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

CCL Industries Company Profile

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.

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