Castings (LON:CGS) Announces Quarterly Earnings Results

Castings (LON:CGS) posted its quarterly earnings data on Wednesday. The company reported GBX 28.16 ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate 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 12-month low of GBX 341 ($4.46) and a 12-month high of GBX 444 ($5.80). The firm has a market cap of $188.49 million and a P/E ratio of 20.23.

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

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 470 ($6.14) price objective on shares of Castings in a report on Monday.

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Castings Company Profile

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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