Brambles (BXBLY) Projected to Announce Quarterly Earnings on Thursday

Brambles (OTCMKTS:BXBLY) is projected to release its results before the market opens on Thursday, August 20th. Analysts expect Brambles to post earnings of $0.6390 per share and revenue of $3.5047 billion for the quarter.

Brambles Stock Performance

Brambles stock opened at $27.64 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67. Brambles has a one year low of $22.70 and a one year high of $36.00. The business has a 50 day simple moving average of $26.99 and a 200 day simple moving average of $29.63.

Wall Street Analysts Forecast Growth

BXBLY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 price objective for the company in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Brambles from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, UBS Group raised shares of Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.34.

About Brambles

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.