Essentra (LON:ESNT) Posts Earnings Results

Key Points

• Essentra reported quarterly earnings of GBX 3.40 ($0.05) per share, with a net margin of 1.13% and return on equity of 1.28%.
• The company's stock rose 1.7% after opening at GBX 106 ($1.42), with a 1-year price range between GBX 88.53 ($1.18) and GBX 180.80 ($2.42).
• Berenberg Bank has set a new price target of GBX 170 ($2.27) on Essentra shares, reaffirming a "buy" rating.

Essentra (LON:ESNT - Get Free Report) released its earnings results on Tuesday. The company reported GBX 3.40 ($0.05) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Essentra had a return on equity of 1.28% and a net margin of 1.13%.

Essentra Stock Performance

Shares of LON:ESNT traded down GBX 2 ($0.03) on Friday, hitting GBX 102.60 ($1.36). The company had a trading volume of 10,385,134 shares, compared to its average volume of 1,908,421. Essentra has a 1-year low of GBX 88.53 ($1.18) and a 1-year high of GBX 180.80 ($2.40). The stock has a market cap of £294.91 million, a price-to-earnings ratio of 84.52, a P/E/G ratio of 3.84 and a beta of 1.18. The stock has a 50 day moving average price of GBX 103.46 and a 200 day moving average price of GBX 106.45. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Analyst Ratings Changes

A number of research firms recently issued reports on ESNT. Peel Hunt reaffirmed a "buy" rating and issued a GBX 230 ($3.05) target price on shares of Essentra in a research report on Tuesday. Berenberg Bank restated a "buy" rating and set a GBX 170 ($2.26) target price on shares of Essentra in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 175 ($2.32) target price on shares of Essentra in a report on Wednesday.

About Essentra

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items. Headquartered in the United Kingdom, Essentra's global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.