Carclo plc (CAR) Issues Earnings Results
Carclo plc (LON:CAR) announced its quarterly earnings results on Tuesday. The company reported GBX 4.50 ($0.06) EPS for the quarter, beating analysts’ consensus estimates of GBX 4.30 ($0.06) by GBX 0.20 ($0.00), Bloomberg Earnings reports. The firm had revenue of GBX 721.80 billion during the quarter. Carclo plc had a net margin of 5.74% and a return on equity of 27.99%.
Carclo plc (LON:CAR) opened at GBX 144.55 ($1.90) on Tuesday. Carclo plc has a 1 year low of GBX 111 ($1.46) and a 1 year high of GBX 180 ($2.37).
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A number of research firms have recently issued reports on CAR. Peel Hunt restated a “buy” rating and set a GBX 200 ($2.63) target price on shares of Carclo plc in a research note on Tuesday. N+1 Singer restated a “buy” rating and set a GBX 175 ($2.30) target price on shares of Carclo plc in a research note on Tuesday. Finally, FinnCap cut shares of Carclo plc to a “hold” rating and set a GBX 165 ($2.17) target price for the company. in a research note on Thursday, September 7th.
In other news, insider Chris Malley bought 14,144 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of GBX 141 ($1.85) per share, with a total value of £19,943.04 ($26,230.49).
Carclo plc Company Profile
Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology.
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