Macfarlane Group (LON:MACF) Issues Quarterly Earnings Results

Macfarlane Group (LON:MACF) issued its quarterly earnings results on Thursday. The company reported GBX 2.22 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%.

Macfarlane Group Stock Performance

MACF stock traded down GBX 0.05 during trading hours on Thursday, reaching GBX 74.35. The stock had a trading volume of 245,661 shares, compared to its average volume of 311,459. The stock has a 50-day simple moving average of GBX 69.05 and a 200 day simple moving average of GBX 67.87. Macfarlane Group has a fifty-two week low of GBX 59.80 and a fifty-two week high of GBX 99. The stock has a market capitalization of £115.47 million, a PE ratio of 18.68 and a beta of 0.54. The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a report on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Macfarlane Group has a consensus rating of “Buy” and an average target price of GBX 120.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.