Bodycote (LON:BOY) Issues Earnings Results

Key Points

• Bodycote reported a quarterly earnings of GBX 21.30 ($0.28) per share, with a return on equity of 8.14% and a net margin of 8.01%.
• The company's shares traded up by GBX 72.50 ($0.97) to reach GBX 645 ($8.61), with a market cap of £1.16 billion.
• Bodycote specializes in heat treatment and thermal processing services, aiming to enhance the properties of metals and alloys for manufacturers across various sectors.

Bodycote (LON:BOY - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported GBX 21.30 ($0.28) EPS for the quarter, Digital Look Earnings reports. Bodycote had a net margin of 8.01% and a return on equity of 8.14%.

Bodycote Price Performance

Shares of Bodycote stock traded down GBX 9.50 ($0.13) during trading hours on Friday, reaching GBX 627 ($8.32). The company's stock had a trading volume of 356,774 shares, compared to its average volume of 505,967. The firm has a 50 day moving average price of GBX 582.07 and a 200-day moving average price of GBX 577.53. Bodycote has a one year low of GBX 449.40 ($5.96) and a one year high of GBX 701 ($9.30). The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market cap of £1.12 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.44 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BOY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 700 ($9.29) price target on shares of Bodycote in a research note on Thursday. Berenberg Bank restated a "buy" rating and issued a GBX 800 ($10.62) target price on shares of Bodycote in a report on Wednesday. Finally, Royal Bank Of Canada boosted their target price on shares of Bodycote from GBX 650 ($8.63) to GBX 775 ($10.29) and gave the stock an "outperform" rating in a report on Thursday.

Bodycote Company Profile

The leading provider of heat treatment and specialist thermal processing services worldwide. Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process. Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.