Michelmersh Brick (LON:MBH) Posts Earnings Results

Michelmersh Brick (LON:MBH) issued its earnings results on Tuesday. The company reported GBX 8.18 ($0.11) earnings per share (EPS) 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 Price Performance

Shares of LON:MBH traded down GBX 2.29 ($0.03) on Thursday, reaching GBX 96.71 ($1.25). The company’s stock had a trading volume of 59,098 shares, compared to its average volume of 122,130. The company has a 50-day simple moving average of GBX 105.25 and a 200 day simple moving average of GBX 102.46. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a market cap of £88.95 million, a P/E ratio of 11.00 and a beta of 1.01. Michelmersh Brick has a 52-week low of GBX 92 ($1.18) and a 52-week high of GBX 111.65 ($1.44).

Michelmersh Brick Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be paid a dividend of GBX 3 ($0.04) per share. This is an increase 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 dividend payout ratio is presently 56.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MBH. Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.19) price objective on shares of Michelmersh Brick in a research report on Tuesday. Canaccord Genuity Group reduced their price target 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 report on Tuesday.

About Michelmersh Brick

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.