Marshalls (LON:MSLH) Announces Earnings Results

Marshalls (LON:MSLH) released its quarterly earnings results on Tuesday. The company reported GBX 16 ($0.21) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Marshalls had a net margin of 3.46% and a return on equity of 3.32%.

Marshalls Price Performance

Marshalls stock traded down GBX 4.29 ($0.06) during trading hours on Thursday, hitting GBX 242.71 ($3.16). 509,713 shares of the stock were exchanged, compared to its average volume of 1,891,783. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.34 and a current ratio of 1.86. The stock has a market capitalization of £610.54 million, a P/E ratio of 28.35, a P/E/G ratio of 0.17 and a beta of 1.26. Marshalls has a 12 month low of GBX 229 ($2.98) and a 12 month high of GBX 366 ($4.76). The business’s 50-day moving average is GBX 249.78 and its two-hundred day moving average is GBX 296.68.

Marshalls Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 5th will be paid a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 2.26%. This is a boost from Marshalls’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, June 5th. Marshalls’s dividend payout ratio is currently 93.44%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 420 ($5.46) price target on shares of Marshalls in a research report on Wednesday, January 22nd.

Insiders Place Their Bets

In other Marshalls news, insider Simon Bourne sold 14,048 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of GBX 237 ($3.08), for a total value of £33,293.76 ($43,311.77). Also, insider Vanda Murray bought 4,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of GBX 248 ($3.23) per share, for a total transaction of £9,920 ($12,904.90). Insiders own 2.73% of the company’s stock.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership.