MJ Gleeson (LON:GLE) Releases Quarterly 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) issued its earnings results on Tuesday. The company reported GBX 28.88 earnings per share (EPS) for the quarter, Digital Look Earnings reports. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%.

MJ Gleeson Stock Up 7.0%

GLE stock opened at GBX 365 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The company's 50 day simple moving average is GBX 352.95 and its 200-day simple moving average is GBX 422.85. The firm has a market capitalization of £213.07 million, a PE ratio of 1,292.95 and a beta of 1.14. MJ Gleeson has a 12 month low of GBX 320 and a 12 month high of GBX 654.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 500 price target on shares of MJ Gleeson in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, MJ Gleeson presently has a consensus rating of "Buy" and an average target price of GBX 500.

Insider Transactions at MJ Gleeson

In other news, insider Nicola Bruce bought 2,721 shares of the stock in a transaction on Wednesday, July 9th. The stock was purchased at an average cost of GBX 370 per share, with a total value of £10,067.70. Insiders have purchased a total of 2,943 shares of company stock worth $1,086,264 in the last quarter. 13.22% of the stock is currently owned by company insiders.

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.

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