Nichols (LON:NICL) Releases Earnings Results

Key Points

• Nichols reported an EPS of GBX 29.90 ($0.39) for the quarter, with a return on equity of 18.96% and a net margin of 11.07%.
• After the earnings release, shares of Nichols traded down to GBX 1,235 ($16.31), with a 12-month trading range between GBX 954 ($12.60) and GBX 1,480 ($19.55).
• Berenberg Bank raised its price target for Nichols shares from GBX 1,760 ($23.25) to GBX 1,820 ($24.04) and maintains a "buy" rating.

Nichols (LON:NICL - Get Free Report) issued its earnings results on Thursday. The company reported GBX 29.90 ($0.39) EPS for the quarter, Digital Look Earnings reports. Nichols had a return on equity of 18.96% and a net margin of 11.07%.

Nichols Price Performance

Shares of NICL stock traded down GBX 85 ($1.12) during trading hours on Friday, hitting GBX 1,235 ($16.31). The company had a trading volume of 14,503 shares, compared to its average volume of 31,022. Nichols has a 12 month low of GBX 954 ($12.60) and a 12 month high of GBX 1,480 ($19.55). The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.58 and a current ratio of 3.73. The firm's fifty day moving average is GBX 1,379.66 and its 200 day moving average is GBX 1,306.97. The firm has a market capitalization of £451.07 million, a price-to-earnings ratio of 24.10 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on shares of Nichols from GBX 1,760 ($23.25) to GBX 1,820 ($24.04) and gave the company a "buy" rating in a research note on Thursday.

Nichols Company Profile

Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market of UK Packaged, International Packaged and Out of Home. In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy and flavoured water.

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