Clarkson (LON:CKN) Issues Earnings Results

Clarkson (LON:CKN) announced its quarterly earnings data on Monday. The company reported GBX 225.80 earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a net margin of 11.59% and a return on equity of 15.29%.

Clarkson Price Performance

CKN opened at GBX 4,615 on Tuesday. Clarkson has a 12-month low of GBX 2,630 and a 12-month high of GBX 4,645. The company has a current ratio of 2.19, a quick ratio of 1.69 and a debt-to-equity ratio of 8.91. The business’s fifty day simple moving average is GBX 4,138.19 and its 200-day simple moving average is GBX 3,798.27. The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 18.93 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the stock a “buy” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 4,262.50.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.