Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

300.60p
   
  • Change Today:
      7.00p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 301.68m
  • Volume: 287,459
  • Market Cap: £906.86m

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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Essentra Market Data

Currency UK Pounds
Share Price 300.60p
Change Today 7.00p
% Change 2.38 %
52 Week High 449.00
52 Week Low 206.80
Volume 287,459
Shares Issued 301.68m
Market Cap £906.86m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.94% below the market average4.94% below the market average4.94% below the market average4.94% below the market average4.94% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
49.89% below the market average49.89% below the market average49.89% below the market average49.89% below the market average49.89% below the market average
49.57% below the sector average49.57% below the sector average49.57% below the sector average49.57% below the sector average49.57% below the sector average
Income
25.49% below the market average25.49% below the market average25.49% below the market average25.49% below the market average25.49% below the market average
1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average
Growth
22.53% below the market average22.53% below the market average22.53% below the market average22.53% below the market average22.53% below the market average
40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 24-Nov-2020

Time Volume / Share Price
16:35 104,394 @ 300.60p
16:29 41 @ 302.60p
16:29 39 @ 302.60p
16:29 6 @ 302.60p
16:29 9 @ 302.60p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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