Macfarlane Group (LON:MACF) Posts Quarterly Earnings Results

Macfarlane Group (LON:MACF) issued its earnings results on Thursday. The company reported GBX 9.76 ($0.12) earnings per share for the quarter, Digital Look Earnings reports. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%.

Macfarlane Group Stock Performance

Shares of MACF stock traded down GBX 3.50 ($0.04) during midday trading on Thursday, hitting GBX 104 ($1.32). 404,351 shares of the company were exchanged, compared to its average volume of 251,864. The firm’s 50 day moving average price is GBX 107.43 and its two-hundred day moving average price is GBX 111.08. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The firm has a market capitalization of £164.43 million, a P/E ratio of 11.15 and a beta of 0.68. Macfarlane Group has a 52 week low of GBX 100.75 ($1.28) and a 52 week high of GBX 147.50 ($1.87).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Friday, November 29th.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.