CCL Industries Inc reports results for the quarter ended June 30 - Earnings Summary

• CCL Industries Inc CCLb.TO reported quarterly adjusted earnings of C$1.21​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of C$1.55. The mean expectation of ten analysts for the quarter was for earnings of C$1.15 per share. Wall Street expected results to range from C$1.13 to C$1.18 per share.

• Revenue rose 4.8% to C$1.93 billion from a year ago; analysts expected C$1.91 billion.

• CCL Industries Inc's reported EPS for the quarter was C$1.21​.

• The company reported quarterly net income of C$213.1 million.

• CCL Industries Inc shares had risen by 0.2% this quarter and gained 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

• Wall Street's median 12-month price target for CCL Industries Inc is C$91.50, about 12.4% above its last closing price of C$80.13

This summary was machine generated from LSEG data August 13 at 11:22 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)