CCL Industries (CCDBF) to Announce Quarterly Earnings on Wednesday

CCL Industries (OTCMKTS:CCDBF) is projected to release its resultson Wednesday, August 12th. Analysts expect CCL Industries to announce earnings of $0.8790 per share and revenue of $1.4293 billion for the quarter.

CCL Industries (OTCMKTS:CCDBF) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. CCL Industries had a return on equity of 14.62% and a net margin of 10.37%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion.

CCL Industries Stock Performance

Shares of CCDBF stock opened at $66.61 on Wednesday. The company has a market capitalization of $10.52 billion and a price-to-earnings ratio of 41.37. CCL Industries has a 1-year low of $50.95 and a 1-year high of $75.17. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $63.35 and its 200-day simple moving average is $63.32.

Analysts Set New Price Targets

A number of brokerages have commented on CCDBF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of CCL Industries in a research report on Tuesday, July 21st. TD Securities reiterated a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, CCL Industries currently has a consensus rating of “Moderate Buy”.

About CCL Industries

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.