Nichols (LON:NICL) Issues Quarterly 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) released its quarterly earnings data on Thursday. The company reported GBX 29.90 ($0.40) earnings per share (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 Stock Performance

Shares of NICL traded down GBX 25 ($0.33) during mid-day trading on Tuesday, hitting GBX 1,195 ($15.88). 22,071 shares of the company's stock were exchanged, compared to its average volume of 30,880. Nichols has a 52 week low of GBX 954 ($12.68) and a 52 week high of GBX 1,480 ($19.67). The stock's 50-day simple moving average is GBX 1,377.76 and its 200-day simple moving average is GBX 1,306.87. The firm has a market cap of £436.46 million, a price-to-earnings ratio of 23.32 and a beta of 0.50. The company has a quick ratio of 2.58, a current ratio of 3.73 and a debt-to-equity ratio of 1.80.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price objective on Nichols from GBX 1,760 ($23.39) to GBX 1,820 ($24.19) and gave the stock a "buy" rating in a report on Thursday, July 31st.

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.