McBride (LON:MCB) Posts Quarterly Earnings Results

McBride (LON:MCB) released its earnings results on Tuesday. The company reported GBX 10.80 EPS for the quarter, Digital Look Earnings reports. McBride had a return on equity of 62.24% and a net margin of 3.56%.

McBride Trading Down 7.5%

LON MCB opened at GBX 154.40 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08. McBride has a 52 week low of GBX 106.20 and a 52 week high of GBX 170. The business has a 50 day moving average price of GBX 149.64 and a 200-day moving average price of GBX 130.60. The company has a market cap of £267.50 million, a price-to-earnings ratio of 8.30, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride announced that its Board of Directors has approved a share buyback plan on Monday, December 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 price target on shares of McBride in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 190.

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.