CCL Industries (OTCMKTS:CCDBF) Issues Earnings Results

CCL Industries (OTCMKTS:CCDBF) announced its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $998.21, reports.

CCL Industries Price Performance

OTCMKTS:CCDBF traded down $1.97 during midday trading on Wednesday, hitting $64.74. 1,231 shares of the stock were exchanged, compared to its average volume of 472. CCL Industries has a one year low of $45.89 and a one year high of $66.71. The business has a 50-day moving average price of $62.94 and a two-hundred day moving average price of $59.75.

Analyst Upgrades and Downgrades

CCDBF has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average 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.