Bellway (LON:BWY) Announces Earnings Results

Bellway (LON:BWY) released its quarterly earnings data on Tuesday. The company reported GBX 90.30 ($1.16) EPS for the quarter, Digital Look Earnings reports. Bellway had a net margin of 5.48% and a return on equity of 3.78%.

Bellway Price Performance

Bellway stock opened at GBX 2,388 ($30.75) on Thursday. The firm has a market capitalization of £2.81 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a 12-month low of GBX 2,156 ($27.76) and a 12-month high of GBX 3,384 ($43.57). The firm has a 50-day moving average price of GBX 2,408.29 and a 200-day moving average price of GBX 2,626.80. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75.

Bellway Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd will be paid a GBX 95 ($1.22) dividend. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 2.55%. This is an increase from Bellway’s previous dividend of $38.00. Bellway’s dividend payout ratio is currently 100.84%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised shares of Bellway to an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bellway presently has an average rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($41.25).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.