Macfarlane Group (LON:MACF) Announces Quarterly Earnings Results

Macfarlane Group (LON:MACF) released its quarterly earnings results on Thursday. The company reported GBX 2.22 earnings per share for the quarter, Digital Look Earnings reports. Macfarlane Group had a return on equity of 5.10% and a net margin of 2.01%.

Macfarlane Group Stock Performance

MACF opened at GBX 77 on Friday. The business’s 50-day simple moving average is GBX 69.42 and its 200 day simple moving average is GBX 67.95. Macfarlane Group has a 52-week low of GBX 59.80 and a 52-week high of GBX 99. The company has a debt-to-equity ratio of 73.35, a quick ratio of 0.79 and a current ratio of 0.98. The firm has a market capitalization of £119.59 million, a PE ratio of 19.35 and a beta of 0.54.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MACF shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 82 price objective on shares of Macfarlane Group in a report on Friday. Shore Capital Group restated a “house stock” rating on shares of Macfarlane Group in a report on Thursday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 82.

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.