Castings (LON:CGS) Releases Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Castings (LON:CGS) posted its quarterly earnings data on Wednesday. The company reported GBX 28.16 ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 28.40 ($0.37) by GBX (0.24) ($0.00), Bloomberg Earnings reports.

Shares of CGS stock remained flat at $GBX 449 ($5.87) during mid-day trading on Friday. The company’s stock had a trading volume of 2,838 shares, compared to its average volume of 2,096. The stock has a market cap of $188.49 million and a PE ratio of 20.23. Castings has a twelve month low of GBX 341 ($4.46) and a twelve month high of GBX 444 ($5.80).

The company also recently disclosed a dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Thursday, June 20th will be paid a GBX 15 ($0.20) dividend. This is an increase from Castings’s previous dividend of $11.40. The ex-dividend date is Thursday, June 20th. This represents a yield of 3.36%. Castings’s payout ratio is presently 0.63%.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 ($6.14) target price on shares of Castings in a research note on Monday.

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About Castings

Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.

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