Clarkson (LON:CKN) Posts Quarterly Earnings Results

Clarkson (LON:CKN - Get Free Report) issued its quarterly earnings results on Monday. The company reported GBX 286.90 ($3.69) earnings per share for the quarter, Digital Look Earnings reports. Clarkson had a return on equity of 17.96% and a net margin of 13.10%.

Clarkson Stock Up 1.3 %

Shares of Clarkson stock traded up GBX 45 ($0.58) on Tuesday, reaching GBX 3,500 ($45.06). The company's stock had a trading volume of 9,998,141 shares, compared to its average volume of 617,621. The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 13.02 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. Clarkson has a 52 week low of GBX 3,345 ($43.07) and a 52 week high of GBX 4,675 ($60.19). The firm's fifty day simple moving average is GBX 4,258.80 and its two-hundred day simple moving average is GBX 3,922.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 4,500 ($57.94) price objective on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.