Castings (LON:CGS) Releases Earnings Results

Castings (LON:CGS) released its earnings results on Wednesday. The company reported GBX 3.48 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 8,595 million during the quarter. Castings had a return on equity of 6.04% and a net margin of 4.36%.

Castings Price Performance

Shares of LON:CGS opened at GBX 279 on Friday. The company’s 50-day moving average is GBX 281.65 and its 200 day moving average is GBX 282.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.76 and a current ratio of 3.05. The company has a market capitalization of £121.30 million, a P/E ratio of 16.17 and a beta of 0.44. Castings has a fifty-two week low of GBX 202.28 and a fifty-two week high of GBX 340.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 390 price target on shares of Castings in a report on Wednesday. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Castings has a consensus rating of “Buy” and a consensus target price of GBX 390.

Castings Company Profile

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.