Scapa Group (LON:SCPA) Announces Earnings Results, Misses Expectations By $1.60 EPS

Scapa Group (LON:SCPA) issued its quarterly earnings results on Tuesday. The company reported GBX 12.40 ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 14 ($0.18) by GBX (1.60) (($0.02)), Digital Look Earnings reports.

The stock has a 50 day moving average price of GBX 112.28 and a two-hundred day moving average price of GBX 172. The company has a debt-to-equity ratio of 54.61, a current ratio of 1.32 and a quick ratio of 0.75. The firm has a market cap of $183.37 million and a PE ratio of 245.75. Scapa Group has a 52 week low of GBX 90 ($1.15) and a 52 week high of GBX 295 ($3.75).

Separately, Berenberg Bank raised their target price on shares of Scapa Group from GBX 140 ($1.78) to GBX 150 ($1.91) and gave the stock a “buy” rating in a research note on Tuesday.

In other Scapa Group news, insider Heejae Chae bought 19,899 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was purchased at an average cost of GBX 100 ($1.27) per share, for a total transaction of £19,899 ($25,326.46). Also, insider Tim Miller bought 19,047 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of GBX 105 ($1.34) per share, with a total value of £19,999.35 ($25,454.18).

About Scapa Group

Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in Europe, North America, and Asia. It offers aluminum foil, acrylic foam, barnier system, cable wrapping, cloth, double sided and transfer, double and single sided foam, foam plate mounting, heatseal, packaging, paper masking, PIB sheeting, polyethylene, PVC, self-amalgamating, and specialist film tapes, as well as resins and putties.

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