Bellway (LON:BWY) Announces Quarterly Earnings Results

Bellway (LON:BWY - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 90.30 ($1.17) 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 Stock Up 0.6 %

Bellway stock traded up GBX 14 ($0.18) during mid-day trading on Friday, reaching GBX 2,396 ($31.01). The company's stock had a trading volume of 592,048 shares, compared to its average volume of 1,315,609. The business's 50 day simple moving average is GBX 2,408.09 and its 200 day simple moving average is GBX 2,617.04. Bellway has a 12 month low of GBX 2,156 ($27.91) and a 12 month high of GBX 3,384 ($43.80). 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 company has a market capitalization of £2.82 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, April 3rd will be paid a GBX 95 ($1.23) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Bellway's previous dividend of $38.00. This represents a yield of 2.55%. Bellway's dividend payout ratio is presently 100.84%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upgraded shares of Bellway to an "overweight" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,204.20 ($41.47).

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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.