Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

293.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 17,655
  • Market Cap: £771.24m

Essentra buys US knob and handle manufacturer Innovative Components

By Michele Maatouk

Date: Thursday 27 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Essentra has bought US knob and handle manufacturer Innovative Components for an undisclosed sum in a deal that is expected to be immediately earnings-enhancing.
Based in Chicago, Innovative Components makes and distributes knobs, pins and handles in North America for a broad range of end markets. Essentra said the acquisition will build on its components division's product offering in the US and provide range extension opportunities in Europe and Asia, while adding "attractive low-cost" manufacturing capability in Costa Rica.

For the year to the end of December 2018, Innovative Components generated revenue of about $11m.

Chief executive Paul Forman said: "Innovative Components is a strong strategic fit with our own successful hardware business and another example of the attractive acquisition opportunities available to our Components division.

"As the last few months have demonstrated, we are continuing to combine the successful stabilisation of our businesses to generate stable organic growth with the active management of our portfolio."

At 0805 BST, the shares were up 1.3% at 426p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 293.00p
Change Today -1.00p
% Change -0.34 %
52 Week High 449.00
52 Week Low 206.80
Volume 17,655
Shares Issued 263.22m
Market Cap £771.24m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average
0.92% above the sector average0.92% above the sector average0.92% above the sector average0.92% above the sector average0.92% above the sector average
Price Trend
44.12% below the market average44.12% below the market average44.12% below the market average44.12% below the market average44.12% below the market average
43.86% below the sector average43.86% below the sector average43.86% below the sector average43.86% below the sector average43.86% below the sector average
Income
14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
38.07% below the market average38.07% below the market average38.07% below the market average38.07% below the market average38.07% below the market average
51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 29-May-2020

Time Volume / Share Price
10:02 183 @ 293.00p
10:01 84 @ 292.00p
10:01 173 @ 292.00p
10:01 283 @ 291.40p
10:01 350 @ 291.40p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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