Michelmersh Brick (LON:MBH) Announces Quarterly Earnings Results

Michelmersh Brick (LON:MBH) released its quarterly earnings results on Tuesday. The company reported GBX 2.56 EPS for the quarter, Digital Look Earnings reports. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%.

Michelmersh Brick Trading Down 0.1%

LON:MBH opened at GBX 74.40 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. The stock has a market capitalization of £67.45 million, a PE ratio of 18.88 and a beta of 0.81. The firm’s 50 day moving average is GBX 78.05 and its 200 day moving average is GBX 78.06. Michelmersh Brick has a 12 month low of GBX 66 and a 12 month high of GBX 101.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 125.

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.