Michelmersh Brick (LON:MBH) Releases Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly earnings results on Tuesday. The company reported GBX 8.18 ($0.11) 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 Stock Performance

Shares of Michelmersh Brick stock traded down GBX 2.29 ($0.03) on Thursday, reaching GBX 96.71 ($1.25). 59,098 shares of the stock were exchanged, compared to its average volume of 122,130. Michelmersh Brick has a twelve month low of GBX 92 ($1.18) and a twelve month high of GBX 111.65 ($1.44). The business has a 50 day moving average price of GBX 105.25 and a two-hundred day moving average price of GBX 102.46. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of £88.95 million, a price-to-earnings ratio of 11.00 and a beta of 1.01.

Michelmersh Brick Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 3.06%. This is a boost from Michelmersh Brick’s previous dividend of $1.60. Michelmersh Brick’s payout ratio is currently 56.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MBH shares. Canaccord Genuity Group cut their target price 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 research report on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 170 ($2.19) price objective on shares of Michelmersh Brick in a report on Tuesday.

Michelmersh Brick Company Profile

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.