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 for the quarter, Digital Look Earnings reports. Ibstock had a return on equity of 1.83% and a net margin of 2.01%.

Ibstock Stock Performance

LON IBST traded down GBX 1.20 ($0.02) during trading hours on Friday, hitting GBX 148.20 ($1.99). The company had a trading volume of 882,250 shares, compared to its average volume of 2,274,267. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. Ibstock has a 1-year low of GBX 143 ($1.92) and a 1-year high of GBX 212 ($2.85). The company has a market cap of £583.93 million, a PE ratio of 80.24, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The business has a 50 day moving average of GBX 156.55 and a 200-day moving average of GBX 167.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IBST shares. Berenberg Bank reaffirmed a "hold" rating and set a GBX 200 ($2.69) price objective on shares of Ibstock in a research report on Monday, June 16th. Jefferies Financial Group lowered their target price on shares of Ibstock from GBX 190 ($2.56) to GBX 188 ($2.53) and set a "buy" rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ibstock from GBX 220 ($2.96) to GBX 210 ($2.82) and set a "buy" rating for the company in a research note on Thursday.

Insider Transactions at Ibstock

In related news, insider Richard Akers acquired 100,000 shares of the firm's stock in a transaction on Thursday, June 19th. The stock was bought at an average price of GBX 155 ($2.08) per share, for a total transaction of £155,000 ($208,473.44). 0.35% of the stock is owned by corporate insiders.

Ibstock Company Profile

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.