Shore Capital Reaffirms “Hold” Rating for Carr’s Group (LON:CARR)

Shore Capital restated their hold rating on shares of Carr’s Group (LON:CARR) in a report published on Wednesday morning, MarketBeat.com reports.

Carr’s Group Trading Down 0.4 %

Carr’s Group stock opened at GBX 128.50 ($1.71) on Wednesday. The stock has a 50-day moving average price of GBX 127.61 and a 200 day moving average price of GBX 123.84. Carr’s Group has a 52 week low of GBX 101.50 ($1.35) and a 52 week high of GBX 150 ($2.00). The stock has a market cap of £125.12 million, a PE ratio of -92.20 and a beta of 0.81. The company has a current ratio of 2.69, a quick ratio of 1.04 and a debt-to-equity ratio of 6.73.

Carr’s Group (LON:CARR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported GBX 5.10 ($0.07) EPS for the quarter. Carr’s Group had a negative net margin of 0.93% and a negative return on equity of 1.34%. Equities research analysts predict that Carr’s Group will post 8.8356164 earnings per share for the current fiscal year.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 2.85 ($0.04) per share. This represents a dividend yield of 2.46%. The ex-dividend date was Thursday, January 23rd. This is a positive change from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s dividend payout ratio is currently -574.04%.

About Carr’s Group

Carr’s is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers around the world. Carr’s operates a business model that empowers operating subsidiaries, enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.