Bellway (LON:BWY) Posts Earnings Results

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

Bellway Price Performance

Shares of LON BWY opened at GBX 2,388 ($30.75) on Thursday. Bellway has a fifty-two week low of GBX 2,156 ($27.76) and a fifty-two week high of GBX 3,384 ($43.57). The company has a market cap of £2.81 billion, a PE ratio of 21.69, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. The business has a 50-day simple moving average of GBX 2,408.29 and a two-hundred day simple moving average of GBX 2,626.80.

Bellway Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, April 3rd will be paid a GBX 95 ($1.22) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Bellway’s previous dividend of $38.00. This represents a yield of 2.55%. Bellway’s dividend payout ratio (DPR) is 100.84%.

Analysts Set New Price Targets

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

Bellway Company Profile

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.