Scapa Group (LON:SCPA) Posts Earnings Results, Misses Estimates By $1.60 EPS

Scapa Group (LON:SCPA) posted its earnings results on Tuesday. The company reported GBX 12.40 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of GBX 14 ($0.18) by GBX (1.60) (($0.02)), Digital Look Earnings reports.

LON:SCPA traded down GBX 16.80 ($0.21) on Tuesday, reaching GBX 103.20 ($1.31). 3,684,111 shares of the stock traded hands, compared to its average volume of 251,665. The firm has a market capitalization of $189.90 million and a price-to-earnings ratio of 258.00. The company’s 50 day moving average is GBX 112.55 and its 200-day moving average is GBX 172.74. The company has a current ratio of 1.32, a quick ratio of 0.75 and a debt-to-equity ratio of 54.61. Scapa Group has a 1-year low of GBX 90 ($1.15) and a 1-year high of GBX 295 ($3.75).

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

In other news, insider Tim Miller bought 19,047 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was 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.

Featured Article: Support Level

Receive News & Ratings for Scapa Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scapa Group and related companies with MarketBeat.com's FREE daily email newsletter.