Michelmersh Brick (LON:MBH) Posts Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly earnings data on Tuesday. The company reported GBX 2.56 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%.

Michelmersh Brick Price Performance

LON:MBH opened at GBX 75 on Tuesday. The firm has a market cap of £68.00 million, a price-to-earnings ratio of 19.04 and a beta of 0.81. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101. The company’s 50-day moving average is GBX 78.13 and its two-hundred day moving average is GBX 78.18.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 price target on shares of Michelmersh Brick in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 125.

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.