Bellway (LON:BWY) Announces Quarterly Earnings Results

Key Points

• Bellway reported a quarterly earnings per share (EPS) of GBX 176.70, with a return on equity of 3.78% and a net margin of 5.48%.
• Analysts have mixed ratings for Bellway, with a consensus target price of GBX 3,133, and a range of analysts adjusting their price targets downward.
• The company's stock performance shows a 1-year low of GBX 2,134 and a high of GBX 3,384, currently trading at GBX 2,622.

Bellway (LON:BWY - Get Free Report) posted its earnings results on Tuesday. The company reported GBX 176.70 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 Performance

LON BWY opened at GBX 2,622 on Tuesday. Bellway has a 1 year low of GBX 2,134 and a 1 year high of GBX 3,384. The company has a market capitalization of £3.11 billion, a PE ratio of 2,133.44, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a fifty day moving average of GBX 2,401.93 and a two-hundred day moving average of GBX 2,544.74. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BWY shares. Jefferies Financial Group decreased their price objective on shares of Bellway from GBX 3,626 to GBX 3,482 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Citigroup decreased their price objective on shares of Bellway from GBX 3,100 to GBX 3,000 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Royal Bank Of Canada downgraded shares of Bellway to a "sector perform" rating and decreased their price objective for the company from GBX 3,600 to GBX 3,150 in a research note on Wednesday, July 9th. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 2,900 price objective on shares of Bellway in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 3,133.

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.

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