MJ Gleeson (LON:GLE) Releases Earnings Results

Key Points

• MJ Gleeson reported a quarterly earnings of GBX 28.88 per share, with a net margin of 5.59% and return on equity of 6.60%.
• The company's stock price increased by 7.0% to open at GBX 365, with a market capitalization of approximately £213.07 million.
• Berenberg Bank restated a "buy" rating on MJ Gleeson with a price target of GBX 500, indicating positive analyst sentiment about the stock's performance.

MJ Gleeson (LON:GLE - Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 28.88 earnings per share (EPS) for the quarter, Digital Look Earnings reports. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%.

MJ Gleeson Price Performance

Shares of GLE traded down GBX 5 during trading hours on Friday, reaching GBX 380. 774,034 shares of the company traded hands, compared to its average volume of 160,776. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of £221.83 million, a PE ratio of 1,346.09 and a beta of 1.14. MJ Gleeson has a fifty-two week low of GBX 320 and a fifty-two week high of GBX 654. The stock has a fifty day simple moving average of GBX 353.17 and a 200 day simple moving average of GBX 420.79.

Insider Transactions at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero purchased 8,571 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of GBX 350 per share, with a total value of £29,998.50. Also, insider Nicola Bruce purchased 2,721 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was acquired at an average cost of GBX 370 per share, for a total transaction of £10,067.70. Over the last three months, insiders acquired 11,514 shares of company stock worth $4,086,114. 13.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 500 price objective on shares of MJ Gleeson in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 500.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of "Building Homes. Changing Lives." Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes' average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.