Burnham (OTCMKTS:BURCA) Issues Quarterly Earnings Results

Burnham (OTCMKTS:BURCA) posted its earnings results on Thursday. The industrial products company reported $2.05 EPS for the quarter, Zacks reports. Burnham had a return on equity of 8.84% and a net margin of 3.51%. The business had revenue of $94.10 million during the quarter.

Burnham Price Performance

Shares of BURCA traded up $1.30 during midday trading on Friday, reaching $15.30. The stock had a trading volume of 14,034 shares, compared to its average volume of 607. The company’s 50-day moving average is $14.06 and its 200 day moving average is $13.76. Burnham has a 12-month low of $12.05 and a 12-month high of $16.19. The company has a current ratio of 3,193.81, a quick ratio of 3,191.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $51.26 million, a price-to-earnings ratio of 7.93 and a beta of 0.33.

Burnham Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, March 20th. Burnham’s payout ratio is currently 47.67%.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.