Cranswick (LON:CWK) Posts Earnings Results, Beats Estimates By $3.80 EPS

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

LON CWK traded up GBX 90 ($1.15) during trading on Tuesday, reaching GBX 3,720 ($47.35). The company’s stock had a trading volume of 198,268 shares, compared to its average volume of 57,337. The firm has a fifty day moving average of GBX 3,623.28 and a 200 day moving average of GBX 3,516.35. Cranswick has a one year low of GBX 2,454 ($31.23) and a one year high of GBX 4,020 ($51.16). 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 has a market capitalization of $1.93 billion and a PE ratio of 26.23.

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

A number of analysts recently issued reports on the company. HSBC boosted their price objective on Cranswick from GBX 3,860 ($49.13) to GBX 3,920 ($49.89) and gave the company a “buy” rating in a research note on Monday, May 18th. Jefferies Financial Group initiated coverage on Cranswick in a research note on Thursday, May 7th. They set a “hold” rating and a GBX 3,760 ($47.86) price objective on the stock. Liberum Capital restated a “buy” rating on shares of Cranswick in a research note on Tuesday. Berenberg Bank restated a “buy” rating on shares of Cranswick in a research note on Wednesday, April 29th. Finally, Peel Hunt restated a “buy” rating on shares of Cranswick in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 3,866 ($49.20).

In other news, insider Mark Bottomley sold 725 shares of the company’s stock in a transaction dated 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).

About Cranswick

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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