Michelmersh Brick (LON:MBH) Issues Earnings Results

Key Points

• Reported EPS: Michelmersh Brick delivered GBX 7.50 EPS for the quarter, with a net margin of 7.48% and a return on equity of 5.56%, indicating modest profitability.
• Share price weakness: Shares fell to GBX 71.30 (down GBX 1.70) on above-average volume, trading below both the 50-day (GBX 85.31) and 200-day (GBX 87.71) moving averages and close to its 12-month low of GBX 66.
• Analyst view: Canaccord lowered its price target from GBX 150 to GBX 130 but kept a "buy" rating, and the Street consensus remains a "Buy" with a consensus target of GBX 140.

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

Michelmersh Brick Stock Performance

Shares of LON:MBH traded down GBX 1.70 during trading on Tuesday, hitting GBX 71.30. The company's stock had a trading volume of 244,072 shares, compared to its average volume of 148,473. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.97 and a quick ratio of 1.56. The firm has a market cap of £64.64 million, a price-to-earnings ratio of 12.69 and a beta of 0.71. The company has a 50-day moving average of GBX 85.31 and a 200-day moving average of GBX 87.71. Michelmersh Brick has a 12 month low of GBX 66 and a 12 month high of GBX 119.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Michelmersh Brick from GBX 150 to GBX 130 and set a "buy" rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target 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.

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