Macfarlane Group (LON:MACF) Issues Quarterly Earnings Results

by · The Cerbat Gem

Macfarlane Group (LON:MACF – Get Free Report) announced its earnings results on Thursday. The company reported GBX 2.22 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%.

Macfarlane Group Stock Up 0.7%

Shares of LON MACF opened at GBX 74.91 on Thursday. The stock has a fifty day moving average price of GBX 69.05 and a 200 day moving average price of GBX 67.87. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 74.12. Macfarlane Group has a 12-month low of GBX 59.80 and a 12-month high of GBX 99. The company has a market cap of £116.35 million, a P/E ratio of 18.82 and a beta of 0.54.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a report on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 120.

Read Our Latest Report on Macfarlane Group

Macfarlane Group Company Profile

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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.

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