Bodycote (LON:BOY) Releases Earnings Results

Bodycote (LON:BOY) released its quarterly earnings results on Tuesday. The company reported GBX 48.60 ($0.64) earnings per share for the quarter, Digital Look Earnings reports. Bodycote had a return on equity of 8.14% and a net margin of 8.01%.

Bodycote Stock Performance

Bodycote stock opened at GBX 489.60 ($6.46) on Tuesday. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market capitalization of £876.78 million, a PE ratio of 14.73, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a 50 day moving average price of GBX 595.84 and a 200-day moving average price of GBX 603.54. Bodycote has a fifty-two week low of GBX 449.40 ($5.93) and a fifty-two week high of GBX 774 ($10.21).

Bodycote Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be given a GBX 16.10 ($0.21) dividend. This represents a yield of 2.8%. This is a boost from Bodycote’s previous dividend of $6.90. The ex-dividend date is Thursday, April 24th. Bodycote’s payout ratio is 69.21%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($10.55) price target on shares of Bodycote in a research note on Monday, March 24th.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.