Michelmersh Brick (LON:MBH) Posts Quarterly Earnings Results

Michelmersh Brick (LON:MBH) released its quarterly earnings data 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 Down 1.0 %

LON:MBH traded down GBX 1.02 ($0.01) during trading hours on Thursday, hitting GBX 97.98 ($1.26). The stock had a trading volume of 59,267 shares, compared to its average volume of 122,132. The company has a market cap of £90.11 million, a PE ratio of 11.14 and a beta of 1.01. The business has a 50 day simple moving average of GBX 105.25 and a two-hundred day simple moving average of GBX 102.46. Michelmersh Brick has a 1-year low of GBX 92 ($1.18) and a 1-year high of GBX 111.65 ($1.44). The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

Michelmersh Brick Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on MBH. Canaccord Genuity Group dropped their price target on 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 set a GBX 170 ($2.19) target price 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.