Carclo plc (CAR) Announces Earnings Results, Beats Expectations By $0.20 EPS

Carclo plc (LON:CAR) posted its earnings results on Tuesday. The company reported GBX 4.50 ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 4.30 ($0.06) by GBX 0.20 ($0.00), Bloomberg Earnings reports. Carclo plc had a net margin of 5.74% and a return on equity of 27.99%. The business had revenue of GBX 721.80 billion for the quarter.

Shares of Carclo plc (CAR) opened at GBX 140 ($1.84) on Thursday. Carclo plc has a 12-month low of GBX 113.25 ($1.49) and a 12-month high of GBX 180 ($2.37).

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A number of equities analysts have commented on the stock. FinnCap cut shares of Carclo plc to a “hold” rating and set a GBX 165 ($2.17) price target for the company. in a research note on Thursday, September 7th. Peel Hunt reissued a “buy” rating and issued a GBX 200 ($2.63) price target on shares of Carclo plc in a research note on Tuesday. Finally, N+1 Singer reissued a “buy” rating and issued a GBX 175 ($2.30) price target on shares of Carclo plc in a research note on Tuesday.

In other news, insider Chris Malley purchased 14,144 shares of the company’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of GBX 141 ($1.85) per share, with a total value of £19,943.04 ($26,230.49).

About Carclo plc

Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology.

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