Scapa (SCPA) Issues Quarterly Earnings Results, Beats Expectations By $1.10 EPS

Scapa (LON:SCPA) issued its quarterly earnings results on Tuesday. The company reported GBX 18.20 ($0.24) EPS for the quarter, topping the consensus estimate of GBX 17.10 ($0.23) by GBX 1.10 ($0.01), Bloomberg Earnings reports. Scapa had a net margin of 7.90% and a return on equity of 21.69%.

Shares of Scapa traded up GBX 8.80 ($0.12), reaching GBX 445.80 ($5.98), during trading hours on Thursday, Marketbeat reports. 570,151 shares of the company’s stock were exchanged, compared to its average volume of 251,665. Scapa has a 1 year low of GBX 347.50 ($4.66) and a 1 year high of GBX 522.39 ($7.01).

The firm also recently announced a dividend, which will be paid on Friday, August 17th. Stockholders of record on Thursday, July 19th will be issued a dividend of GBX 2.40 ($0.03) per share. This is a positive change from Scapa’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, July 19th. This represents a dividend yield of 0.5%.

A number of research firms have recently issued reports on SCPA. Berenberg Bank upped their target price on shares of Scapa from GBX 500 ($6.71) to GBX 520 ($6.98) and gave the stock a “buy” rating in a report on Wednesday. Numis Securities raised shares of Scapa to a “buy” rating in a report on Tuesday.

Scapa Company Profile

Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in the United Kingdom and internationally. It offers aluminum foil, acrylic foam, barnier system, cable wrapping, cloth, double sided and transfer, double and single sided foam, foam plate mounting, heatseal, packaging, paper masking, PIB sheeting, polyethylene, PVC, self-amalgamating, and specialist film tapes, as well as resins and putties.

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