Cranswick (LON:CWK) Issues Earnings Results

Cranswick (LON:CWK) issued its earnings results on Tuesday. The company reported GBX 156.40 ($1.99) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 152.60 ($1.94) by GBX 3.80 ($0.05), Digital Look Earnings reports.

Shares of Cranswick stock opened at GBX 3,548 ($45.16) on Thursday. The company has a debt-to-equity ratio of 24.05, a current ratio of 1.64 and a quick ratio of 1.11. The stock’s 50-day moving average is GBX 3,623.08 and its 200 day moving average is GBX 3,519.54. Cranswick has a one year low of GBX 2,454 ($31.23) and a one year high of GBX 4,020 ($51.16). The firm has a market cap of $1.88 billion and a price-to-earnings ratio of 25.02.

The firm also recently announced a dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, July 23rd will be given a dividend of GBX 43.70 ($0.56) per share. This is a positive change from Cranswick’s previous dividend of $16.70. The ex-dividend date is Thursday, July 23rd. This represents a dividend yield of 1.17%. Cranswick’s dividend payout ratio is presently 40.20%.

Several research analysts have recently commented on CWK shares. Berenberg Bank reiterated a “buy” rating on shares of Cranswick in a research note on Wednesday, April 29th. Liberum Capital reissued a “buy” rating on shares of Cranswick in a report on Tuesday. Shore Capital reissued a “house stock” rating on shares of Cranswick in a report on Tuesday, April 28th. HSBC boosted their price target on Cranswick from GBX 3,860 ($49.13) to GBX 3,920 ($49.89) and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Peel Hunt reissued a “buy” rating on shares of Cranswick in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cranswick has an average rating of “Buy” and a consensus target price of GBX 3,866 ($49.20).

In other news, insider Mark Bottomley sold 725 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of GBX 3,726 ($47.42), for a total value of £27,013.50 ($34,381.44).

Cranswick Company Profile

Cranswick plc produces and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. It offers fresh pork, gourmet bacon and gammon, fresh chicken, and prepared chicken and poultry products, as well as gourmet sausages, cooked meats, continental foods, handmade pastries, and British charcuteries.

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