Michelmersh Brick (LON:MBH) Issues Quarterly Earnings Results

Michelmersh Brick (LON:MBH) released its quarterly earnings data on Tuesday. The company reported GBX 7.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a return on equity of 5.56% and a net margin of 7.48%.

Michelmersh Brick Price Performance

MBH traded down GBX 3.01 during trading on Tuesday, hitting GBX 69.99. The company’s stock had a trading volume of 280,356 shares, compared to its average volume of 149,109. The company has a quick ratio of 1.56, a current ratio of 1.97 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of £63.45 million, a price-to-earnings ratio of 12.45 and a beta of 0.71. The firm’s 50 day moving average price is GBX 85.31 and its two-hundred day moving average price is GBX 87.71. Michelmersh Brick has a 12 month low of GBX 66 and a 12 month high of GBX 119.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price target on shares of Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 140.

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.