Carr’s Group’s (CARR) Hold Rating Reiterated at Shore Capital

Shore Capital restated their hold rating on shares of Carr’s Group (LON:CARR) in a research note released on Wednesday, Marketbeat.com reports.

Carr’s Group Stock Down 3.2%

CARR stock opened at GBX 150 ($2.03) on Wednesday. The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.04 and a current ratio of 2.69. The company has a market capitalization of £146.05 million, a price-to-earnings ratio of -107.63 and a beta of 0.81. Carr’s Group has a fifty-two week low of GBX 101.50 ($1.37) and a fifty-two week high of GBX 162 ($2.19). The stock has a fifty day moving average of GBX 130.66 and a 200-day moving average of GBX 126.06.

Carr’s Group (LON:CARR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported GBX 5.10 ($0.07) earnings per share for the quarter. Carr’s Group had a negative return on equity of 1.34% and a negative net margin of 0.93%. As a group, equities research analysts predict that Carr’s Group will post 8.8356164 earnings per share for the current year.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd were issued a GBX 2.85 ($0.04) dividend. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 2.46%. This is a boost from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s dividend payout ratio (DPR) is presently -574.04%.

Carr’s Group Company Profile

Carr’s is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers around the world. Carr’s operates a business model that empowers operating subsidiaries, enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.