McBride (LON:MCB) Announces Earnings Results

McBride (LON:MCB) released its earnings results on Tuesday. The company reported GBX 10.80 EPS for the quarter, Digital Look Earnings reports. McBride had a net margin of 3.56% and a return on equity of 62.24%.

McBride Stock Down 1.0%

MCB opened at GBX 151.40 on Wednesday. McBride has a fifty-two week low of GBX 106.20 and a fifty-two week high of GBX 170. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The firm’s fifty day moving average price is GBX 149.92 and its two-hundred day moving average price is GBX 130.82. The company has a market capitalization of £262.31 million, a P/E ratio of 8.14, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride declared that its Board of Directors has approved a stock repurchase program on Monday, December 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 190 price objective on shares of McBride in a research report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 190.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.