Michelmersh Brick (LON:MBH) Issues Quarterly Earnings Results

Michelmersh Brick (LON:MBH) posted its 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 Stock Down 0.1 %

MBH stock traded down GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 98.90 ($1.27). 63,344 shares of the company’s stock traded hands, compared to its average volume of 122,199. Michelmersh Brick has a 52 week low of GBX 92 ($1.18) and a 52 week high of GBX 111.65 ($1.44). The company has a market cap of £90.95 million, a price-to-earnings ratio of 11.25 and a beta of 1.01. The firm’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 quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05.

Michelmersh Brick Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on MBH. Canaccord Genuity Group cut their price objective 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 reiterated a “buy” rating and issued a GBX 170 ($2.19) target price on shares of Michelmersh Brick in a research note 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.