Norcros (LON:NXR) Posts Quarterly Earnings Results

Norcros (LON:NXR - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 32.60 ($0.44) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Norcros had a net margin of 6.83% and a return on equity of 12.35%.

Norcros Trading Up 4.2%

LON:NXR traded up GBX 11 ($0.15) on Friday, hitting GBX 276 ($3.74). The stock had a trading volume of 1,056,820 shares, compared to its average volume of 153,258. The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The stock has a market cap of £246.82 million, a price-to-earnings ratio of 9.17 and a beta of 1.39. The company has a fifty day moving average price of GBX 248.74 and a two-hundred day moving average price of GBX 240.64. Norcros has a 1-year low of GBX 184.50 ($2.50) and a 1-year high of GBX 283 ($3.83).

Analysts Set New Price Targets

Several brokerages recently issued reports on NXR. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a research note on Thursday, April 10th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 350 ($4.74) price objective on shares of Norcros in a research note on Thursday, April 10th.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa. Based in the UK, Norcros operates under six brands: · Triton – Market leader in the manufacture and marketing of showers in the UK · Merlyn – UK and Ireland's No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors · Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels · Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves · Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories · Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks Based in South Africa, Norcros operates under four brands: · Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives · Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles · TAL – Leading manufacturer of ceramic and building adhesives in South Africa · House of Plumbing – Market-leading supplier of specialist plumbing materials Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.