Ibstock (LON:IBST) Issues Earnings Results

Key Points

• Ibstock reported earnings of GBX 3 ($0.04) per share for the quarter, with a return on equity of 1.83% and a net margin of 2.01%.
• The company's shares opened at GBX 149.40 ($2.01), with a 12-month low of GBX 143 and a high of GBX 212.
• Recent analyst ratings include a price target decrease from Jefferies and Deutsche Bank, both maintaining "buy" ratings, suggesting a cautious outlook.

Ibstock (LON:IBST - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ibstock had a net margin of 2.01% and a return on equity of 1.83%.

Ibstock Price Performance

Shares of IBST stock traded up GBX 1.60 ($0.02) during trading hours on Tuesday, reaching GBX 148.20 ($1.99). 734,125 shares of the company were exchanged, compared to its average volume of 2,253,334. Ibstock has a fifty-two week low of GBX 143 ($1.92) and a fifty-two week high of GBX 212 ($2.85). The stock's fifty day moving average is GBX 155.55 and its two-hundred day moving average is GBX 167.71. The company has a market cap of £583.93 million, a price-to-earnings ratio of 80.24, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBST shares. Jefferies Financial Group decreased their price target on shares of Ibstock from GBX 190 ($2.55) to GBX 188 ($2.53) and set a "buy" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ibstock from GBX 220 ($2.96) to GBX 210 ($2.82) and set a "buy" rating on the stock in a research report on Thursday, August 7th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.69) price objective on shares of Ibstock in a research report on Monday.

Insider Activity

In other Ibstock news, insider Richard Akers acquired 100,000 shares of the business's stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average cost of GBX 155 ($2.08) per share, for a total transaction of £155,000 ($208,193.42). Insiders own 0.35% of the company's stock.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.