By Tom Winnifrith and Steve Moore | Sunday 23 January 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Components and (currently) Packaging and Filters company Essentra (ESNT) has announced fourth quarter like-for-like revenue up 12.7% on the prior year (+11.1% v. Q4 2019) and that it “expects to deliver FY 2021 operating profit in the range of analysts’ forecasts” (£80.7m-£84.3m) and “order book trends remain strong”. The shares are now 340p, a just shy of £1 billion market cap, but is there still further to go here?