Clarkson (LON:CKN) Releases Quarterly Earnings Results

Clarkson (LON:CKN) posted its quarterly earnings data on Monday. The company reported GBX 147.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 12.93% and a net margin of 10.41%.

Clarkson Trading Up 9.3%

CKN opened at GBX 5,170 on Monday. The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 24.28 and a beta of 0.70. The stock’s 50 day moving average price is GBX 4,575.98 and its 200-day moving average price is GBX 4,524.08. Clarkson has a one year low of GBX 3,365 and a one year high of GBX 5,485. The company has a debt-to-equity ratio of 10.66, a quick ratio of 1.69 and a current ratio of 1.78.

Insider Activity at Clarkson

In related news, insider Jeff Woyda sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias acquired 1,127 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of GBX 4,412 per share, with a total value of £49,723.24. Corporate insiders own 5.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and lifted their price objective for the stock from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 4,775.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.