Michelmersh Brick (LON:MBH) Announces Quarterly Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly 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

Michelmersh Brick stock opened at GBX 98 ($1.26) on Thursday. The stock has a market capitalization of £90.13 million, a P/E ratio of 11.15 and a beta of 1.01. The company’s fifty day moving average price is GBX 105.25 and its 200 day moving average price is 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. Michelmersh Brick has a 1 year low of GBX 92 ($1.18) and a 1 year high of GBX 111.65 ($1.44).

Michelmersh Brick Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 3.06%. This is an increase from Michelmersh Brick’s previous dividend of $1.60. The ex-dividend date is Thursday, June 5th. Michelmersh Brick’s dividend payout ratio is presently 56.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of Michelmersh Brick from GBX 170 ($2.19) to GBX 160 ($2.06) and set a “buy” rating for the company in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 170 ($2.19) price objective on shares of Michelmersh Brick in a research 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.