Macfarlane Group (LON:MACF) Announces Earnings Results

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

Macfarlane Group Price Performance

MACF stock traded up GBX 1.10 during trading on Thursday, hitting GBX 75.50. The stock had a trading volume of 359,439 shares, compared to its average volume of 312,149. The company’s 50 day moving average price is GBX 69.05 and its two-hundred day moving average price is GBX 67.87. Macfarlane Group has a 1-year low of GBX 59.80 and a 1-year high of GBX 99. The stock has a market cap of £117.26 million, a price-to-earnings ratio of 18.97 and a beta of 0.54. The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Macfarlane Group has an average 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.