Bellway (LON:BWY) Issues Earnings Results

Bellway (LON:BWY) posted its quarterly earnings results on Tuesday. The company reported GBX 90.30 ($1.17) earnings per share for the quarter, Digital Look Earnings reports. Bellway had a return on equity of 3.78% and a net margin of 5.48%.

Bellway Stock Performance

LON:BWY opened at GBX 2,492 ($32.20) on Tuesday. The company has a market cap of £2.93 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.40 and a beta of 1.46. Bellway has a 1 year low of GBX 2,156 ($27.86) and a 1 year high of GBX 3,384 ($43.73). The stock’s 50 day simple moving average is GBX 2,403.73 and its two-hundred day simple moving average is GBX 2,632.51. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded shares of Bellway to an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 3,204.20 ($41.40).

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.