CCL Industries (OTCMKTS:CCDBF) Issues Quarterly Earnings Results

CCL Industries (OTCMKTS:CCDBF) announced its quarterly earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05), Zacks reports. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion.

CCL Industries Trading Down 2.9%

CCL Industries stock traded down $1.88 during mid-day trading on Thursday, hitting $62.86. The company’s stock had a trading volume of 2 shares, compared to its average volume of 461. CCL Industries has a twelve month low of $45.89 and a twelve month high of $66.71. The stock’s fifty day moving average price is $63.00 and its two-hundred day moving average price is $59.78.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCDBF. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

CCL Industries Company Profile

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.