Bodycote (LON:BOY) Releases Earnings Results

Bodycote (LON:BOY) announced its quarterly earnings data on Tuesday. The company reported GBX 48.60 ($0.64) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bodycote had a net margin of 8.01% and a return on equity of 8.14%.

Bodycote Price Performance

Shares of Bodycote stock opened at GBX 489.60 ($6.46) on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. Bodycote has a 12 month low of GBX 449.40 ($5.93) and a 12 month high of GBX 774 ($10.21). The stock has a 50 day moving average of GBX 595.84 and a 200 day moving average of GBX 603.54. The firm has a market cap of £876.78 million, a PE ratio of 14.73, a PEG ratio of 1.44 and a beta of 1.18.

Bodycote Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, April 24th will be issued a GBX 16.10 ($0.21) dividend. This represents a dividend yield of 2.8%. This is a boost from Bodycote’s previous dividend of $6.90. The ex-dividend date of this dividend is Thursday, April 24th. Bodycote’s payout ratio is 69.21%.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.55) price target on shares of Bodycote in a report on Monday, March 24th.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.