Michelmersh Brick (LON:MBH) Issues Quarterly Earnings Results

Michelmersh Brick (LON:MBH - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 8.18 ($0.11) earnings per share for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%.

Michelmersh Brick Price Performance

Shares of LON MBH traded up GBX 1.72 ($0.02) during midday trading on Friday, reaching GBX 99.22 ($1.28). The company's stock had a trading volume of 263,945 shares, compared to its average volume of 124,514. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a market cap of £91.25 million, a P/E ratio of 11.28 and a beta of 1.01. The business's 50 day moving average price is GBX 105.07 and its two-hundred day moving average price is GBX 102.42. Michelmersh Brick has a fifty-two week low of GBX 92 ($1.19) and a fifty-two week high of GBX 111.65 ($1.45).

Michelmersh Brick Increases Dividend

The firm also recently announced 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 dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from Michelmersh Brick's previous dividend of $1.60. Michelmersh Brick's dividend payout ratio is presently 56.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on MBH shares. Canaccord Genuity Group lowered their price target on shares of Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a "buy" rating on the stock in a report on Tuesday. Berenberg Bank reiterated a "buy" rating and set a GBX 170 ($2.20) target price on shares of Michelmersh Brick in a research note on Tuesday.

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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.