McBride (LON:MCB) Issues Earnings Results

McBride (LON:MCB) announced its quarterly earnings results on Tuesday. The company reported GBX 10.80 EPS for the quarter, Digital Look Earnings reports. McBride had a return on equity of 62.24% and a net margin of 3.56%.

McBride Price Performance

MCB opened at GBX 154.45 on Thursday. McBride has a twelve month low of GBX 106.20 and a twelve month high of GBX 170. The firm has a market cap of £267.59 million, a price-to-earnings ratio of 8.30, a PEG ratio of -0.36 and a beta of 1.17. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The company has a fifty day simple moving average of GBX 150.12 and a 200 day simple moving average of GBX 130.97.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and set a GBX 190 target price on shares of McBride in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, McBride currently has a consensus rating of “Buy” and an average target price of GBX 190.

McBride announced that its board has authorized a share buyback plan on Monday, December 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.