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

Castings (LON:CGS) issued its earnings results on Wednesday. The company reported GBX 28.16 ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 28.40 ($0.37) by GBX (0.24) ($0.00), Bloomberg Earnings reports.

LON:CGS remained flat at $GBX 449 ($5.87) during trading hours on Friday. The company’s stock had a trading volume of 2,838 shares, compared to its average volume of 2,096. Castings has a fifty-two week low of GBX 341 ($4.46) and a fifty-two week high of GBX 444 ($5.80). The company has a market cap of $195.91 million and a PE ratio of 20.23.

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



Separately, Peel Hunt restated a “buy” rating and set a GBX 470 ($6.14) price objective 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.

Further Reading: CD Ladder

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