Michelmersh Brick (LON:MBH) Posts Quarterly Earnings Results

Key Points

• Michelmersh Brick reported quarterly earnings with an EPS of GBX 3.30, featuring a net margin of 11.46% and a return on equity of 8.82%.
• The company's stock price fell by 9.7%, with a current trading price of GBX 88.13, significantly below its 50-day moving average of GBX 107.81.
• Analysts have maintained a consensus “Buy” rating for the stock, despite price target adjustments reducing targets from GBX 160 to GBX 150.

Michelmersh Brick (LON:MBH - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported GBX 3.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%.

Michelmersh Brick Stock Performance

Michelmersh Brick stock traded up GBX 3.44 during trading hours on Friday, hitting GBX 95.94. The company had a trading volume of 1,904,757 shares, compared to its average volume of 174,116. The firm has a market cap of £88.52 million, a PE ratio of 1,707.12 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. Michelmersh Brick has a one year low of GBX 87.13 and a one year high of GBX 119. The firm has a 50-day moving average of GBX 106.43 and a 200 day moving average of GBX 105.68.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MBH shares. Canaccord Genuity Group cut their target price on Michelmersh Brick from GBX 160 to GBX 150 and set a "buy" rating on the stock in a report on Tuesday. Berenberg Bank dropped their price objective on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a "buy" rating for the company in a research report on Tuesday. Three investment 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 target price of GBX 156.67.

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.