Michelmersh Brick (LON:MBH) Announces Quarterly Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly earnings results on Tuesday. The company reported GBX 8.18 ($0.11) earnings per share for the quarter, Digital Look Earnings reports. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%.

Michelmersh Brick Stock Performance

Michelmersh Brick stock opened at GBX 98 ($1.26) on Thursday. The stock has a fifty day moving average price of GBX 105.25 and a two-hundred day moving average price of GBX 102.46. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. Michelmersh Brick has a 52-week low of GBX 92 ($1.18) and a 52-week high of GBX 111.65 ($1.44). The firm has a market capitalization of £90.13 million, a P/E ratio of 11.15 and a beta of 1.01.

Michelmersh Brick Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be paid a GBX 3 ($0.04) dividend. This is a positive change from Michelmersh Brick’s previous dividend of $1.60. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 3.06%. Michelmersh Brick’s payout ratio is currently 56.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MBH shares. Berenberg Bank reissued a “buy” rating and issued a GBX 170 ($2.19) price objective on shares of Michelmersh Brick in a research note on Tuesday. Canaccord Genuity Group lowered their target price on shares of Michelmersh Brick from GBX 170 ($2.19) to GBX 160 ($2.06) and set a “buy” rating on the stock in a research note on Tuesday.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.