CLS (LON:CLI) Releases Quarterly Earnings Results

CLS (LON:CLI - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX (23.60) (($0.30)) earnings per share for the quarter, Digital Look Earnings reports. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%.

CLS Stock Down 1.9 %

Shares of CLS stock traded down GBX 1.20 ($0.02) during trading on Friday, reaching GBX 63 ($0.81). 1,698,544 shares of the company traded hands, compared to its average volume of 1,144,992. CLS has a 1-year low of GBX 62.50 ($0.81) and a 1-year high of GBX 101.40 ($1.31). The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The firm has a market capitalization of £251.05 million, a PE ratio of -1.21 and a beta of 1.01. The company has a 50 day moving average price of GBX 71.24 and a 200-day moving average price of GBX 81.20.

CLS Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 2.68 ($0.03) per share. This represents a dividend yield of 4.17%. This is a boost from CLS's previous dividend of $2.60. The ex-dividend date is Thursday, April 10th. CLS's dividend payout ratio is presently -15.42%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 114 ($1.47) price target on shares of CLS in a report on Tuesday.

About CLS

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants' businesses to grow.