Michelmersh Brick (LON:MBH) Releases Quarterly Earnings Results

Michelmersh Brick (LON:MBH) released 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 Price Performance

LON:MBH opened at GBX 98 ($1.26) on Thursday. 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 has a 12-month low of GBX 92 ($1.18) and a 12-month high of GBX 111.65 ($1.44). The stock’s 50 day moving average price is GBX 105.25 and its two-hundred day moving average price is GBX 102.46. The firm has a market capitalization of £90.13 million, a price-to-earnings ratio of 11.15 and a beta of 1.01.

Michelmersh Brick Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MBH. Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.19) price target on shares of Michelmersh Brick in a research report on Tuesday. 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.

About Michelmersh Brick

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.