CLS (LON:CLI) Posts Earnings Results

Key Points

• CLS reported an earnings per share (EPS) of GBX 6.10 (about $0.08) for the quarter, with a negative return on equity of 23.42% and a negative net margin of 134.11%.
• Berenberg Bank issued a "buy" rating with a target price of GBX 100 ($1.35) for CLS shares, indicating optimistic future performance.
• Insider purchases included 21,400 shares by Eva Lindqvist and 72,000 shares by Anna L. K. Seeley, reflecting strong confidence from insiders as they collectively acquired 136,413 shares worth $9.18 million last quarter.

CLS (LON:CLI - Get Free Report) announced its earnings results on Wednesday. The company reported GBX (6.10) (($0.08)) EPS for the quarter, Digital Look Earnings reports. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%.

CLS Stock Down 0.3%

CLI stock traded down GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 61.50 ($0.83). The stock had a trading volume of 247,198 shares, compared to its average volume of 823,124. The business has a 50-day moving average of GBX 66.51 and a two-hundred day moving average of GBX 66.39. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The firm has a market cap of £245.07 million, a price-to-earnings ratio of -1.19 and a beta of 1.01. CLS has a 52-week low of GBX 56.80 ($0.77) and a 52-week high of GBX 101.40 ($1.37).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 100 ($1.35) price objective on shares of CLS in a research report on Wednesday, August 13th.

Insider Transactions at CLS

In other CLS news, insider Fredrik Widlund bought 41,669 shares of CLS stock in a transaction dated Monday, June 2nd. The shares were purchased at an average cost of GBX 63 ($0.85) per share, with a total value of £26,251.47 ($35,460.58). Also, insider Bill Holland purchased 32,522 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of GBX 61 ($0.82) per share, with a total value of £19,838.42 ($26,797.81). Over the last three months, insiders acquired 168,935 shares of company stock worth $11,164,995. Corporate insiders own 66.38% of the company's stock.

About CLS

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants' businesses to grow.