Clarkson (LON:CKN) Announces Quarterly Earnings Results

Clarkson (LON:CKN) released its quarterly earnings data on Monday. The company reported GBX 147.60 EPS for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 12.93% and a net margin of 10.41%.

Clarkson Stock Performance

Shares of CKN stock opened at GBX 5,150 on Tuesday. The firm has a market cap of £1.58 billion, a price-to-earnings ratio of 24.19 and a beta of 0.70. Clarkson has a 52-week low of GBX 3,365 and a 52-week high of GBX 5,485. The company has a quick ratio of 1.69, a current ratio of 1.78 and a debt-to-equity ratio of 10.66. The company’s 50 day moving average is GBX 4,582.04 and its 200 day moving average is GBX 4,530.80.

Analysts Set New Price Targets

CKN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Clarkson from GBX 4,950 to GBX 5,300 and gave the stock a “buy” rating in a report on Tuesday. Berenberg Bank raised their price target on Clarkson from GBX 5,250 to GBX 5,925 and gave the company a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group raised shares of Clarkson to a “hold” rating and upped their price objective for the stock from GBX 4,400 to GBX 4,650 in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Clarkson has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,031.25.

Insiders Place Their Bets

In other Clarkson news, insider Jeff Woyda sold 60,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 4,778, for a total transaction of £2,866,800. Also, insider Constantin Cotzias bought 1,127 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of GBX 4,412 per share, for a total transaction of £49,723.24. 5.37% of the stock is owned by corporate insiders.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.