Celtic (LON:CCP) Releases Quarterly Earnings Results

Key Points

• Celtic (LON:CCP) reported earnings of GBX 35.78 per share for the quarter, with a net margin of 17.19% and return on equity of 14.28%.
• The stock price increased by 0.3% during trading to GBX 168, with a market capitalization of £159.53 million.
• Celtic operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities, encompassing various football-related activities.

Celtic (LON:CCP - Get Free Report) posted its quarterly earnings results on Friday. The company reported GBX 35.78 EPS for the quarter, Digital Look Earnings reports. Celtic had a return on equity of 14.28% and a net margin of 17.19%.

Celtic Trading Up 1.2%

Shares of LON CCP traded up GBX 2 during trading hours on Monday, hitting GBX 170. 2,951 shares of the company traded hands, compared to its average volume of 4,891. The stock has a market capitalization of £161.43 million, a price-to-earnings ratio of 962.08 and a beta of 0.36. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The company's 50 day moving average price is GBX 179.84 and its 200 day moving average price is GBX 166.52. Celtic has a 12 month low of GBX 139.97 and a 12 month high of GBX 200.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on Celtic from GBX 208 to GBX 212 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 212.

About Celtic

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.