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

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

CGS stock remained flat at $GBX 449 ($5.87) on Friday. The company had a trading volume of 2,838 shares, compared to its average volume of 2,096. Castings has a 52-week low of GBX 341 ($4.46) and a 52-week high of GBX 444 ($5.80). The firm has a market capitalization of $188.49 million and a price-to-earnings ratio of 20.23.

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