Burnham (OTCMKTS:BURCA) Releases Quarterly Earnings Results

Burnham (OTCMKTS:BURCA) announced 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 Stock Up 9.3 %

Burnham stock traded up $1.30 during mid-day trading on Friday, hitting $15.30. The company’s stock had a trading volume of 14,034 shares, compared to its average volume of 607. The company has a market cap of $51.26 million, a PE ratio of 7.93 and a beta of 0.33. Burnham has a 52-week low of $12.05 and a 52-week high of $16.19. The firm’s 50 day moving average is $14.06 and its 200 day moving average is $13.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 3,193.81 and a quick ratio of 3,191.78.

Burnham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Thursday, March 20th. Burnham’s dividend 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.