Norcros (LON:NXR) Issues Quarterly Earnings Results

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

Norcros Price Performance

Shares of LON:NXR traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 265 ($3.61). The company had a trading volume of 1,114,857 shares, compared to its average volume of 145,191. The stock has a market cap of £236.98 million, a price-to-earnings ratio of 8.80 and a beta of 1.39. Norcros has a twelve month low of GBX 184.50 ($2.51) and a twelve month high of GBX 283 ($3.85). The company has a debt-to-equity ratio of 40.60, a current ratio of 2.00 and a quick ratio of 0.91. The business's 50-day simple moving average is GBX 245.92 and its 200-day simple moving average is GBX 240.49.

Analyst Ratings Changes

NXR has been the subject of several recent research reports. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a report on Thursday, April 10th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 350 ($4.77) price target on shares of Norcros in a report 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.