Clarkson (LON:CKN) Posts Quarterly Earnings Results

Key Points

• Clarkson reported earnings of GBX 98.60 ($1.31) per share for the quarter, with a net margin of 13.10% and a return on equity of 17.96%.
• The company's stock increased by 6.1% on the same day, trading at GBX 3,625 ($48.13), with a market capitalization of £1.12 billion.
• Analysts have set a new price target of GBX 3,450 ($45.81) while maintaining a "buy" rating, indicating confidence in the company's growth prospects.

Clarkson (LON:CKN - Get Free Report) announced its quarterly earnings data on Monday. The company reported GBX 98.60 ($1.31) earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a net margin of 13.10% and a return on equity of 17.96%.

Clarkson Stock Performance

Shares of LON:CKN traded down GBX 60 ($0.80) on Wednesday, hitting GBX 3,640 ($48.40). 22,120 shares of the company were exchanged, compared to its average volume of 212,033. Clarkson has a 1-year low of GBX 2,630 ($34.97) and a 1-year high of GBX 4,535 ($60.30). The stock's 50 day moving average price is GBX 3,365.44 and its 200 day moving average price is GBX 3,600.71. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The firm has a market capitalization of £1.12 billion, a P/E ratio of 13.55 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CKN shares. Canaccord Genuity Group restated a "buy" rating and issued a GBX 3,450 ($45.87) price objective on shares of Clarkson in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 4,150 ($55.18) price objective on shares of Clarkson in a research note on Tuesday. Finally, Berenberg Bank reduced their price objective on Clarkson from GBX 4,800 ($63.82) to GBX 4,250 ($56.51) and set a "buy" rating for the company in a research note on Tuesday.

Insider Activity

In related news, insider Constantin Cotzias bought 742 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of GBX 3,549 ($47.19) per share, with a total value of £26,333.58 ($35,013.40). 11.81% of the stock is currently owned by company insiders.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.