McBride (LON:MCB) Announces Quarterly Earnings Results

McBride (LON:MCB) released its earnings results on Tuesday. The company reported GBX 21.60 EPS for the quarter, Digital Look Earnings reports. McBride had a net margin of 3.21% and a return on equity of 28.68%.

McBride Price Performance

LON:MCB opened at GBX 188.80 on Thursday. McBride has a 52-week low of GBX 107.60 and a 52-week high of GBX 214.10. The company has a debt-to-equity ratio of 169.22, a quick ratio of 0.54 and a current ratio of 1.10. The stock’s 50-day simple moving average is GBX 171.14 and its 200 day simple moving average is GBX 159.75. The company has a market cap of £320.54 million, a P/E ratio of 11.17, a P/E/G ratio of -0.36 and a beta of 1.51.

Key Headlines Impacting McBride

Here are the key news stories impacting McBride this week:

• Positive Sentiment: Management emphasized growth in its latest earnings call, suggesting demand and business momentum remain intact despite a challenging cost environment. McBride plc Earnings Call Highlights Growth Amid Cost Squeeze

Insiders Place Their Bets

In other McBride news, insider Mark Strickland sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of GBX 190, for a total value of £209,000. 29.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 275 price target on shares of McBride in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 232.50.

McBride Company Profile

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.