Bellway (LON:BWY) Issues Earnings Results

Bellway (LON:BWY) released its quarterly earnings data on Tuesday. The company reported GBX 90.30 ($1.17) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bellway had a net margin of 5.48% and a return on equity of 3.78%.

Bellway Price Performance

LON:BWY opened at GBX 2,412 ($31.23) on Wednesday. Bellway has a 12-month low of GBX 2,156 ($27.91) and a 12-month high of GBX 3,384 ($43.81). The firm has a market capitalization of £2.84 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.40 and a beta of 1.46. The stock’s 50 day moving average price is GBX 2,407.65 and its two-hundred day moving average price is GBX 2,628.37. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75.

Bellway Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd will be issued a GBX 95 ($1.23) dividend. This represents a dividend yield of 2.55%. This is a boost from Bellway’s previous dividend of $38.00. The ex-dividend date of this dividend is Thursday, April 3rd. Bellway’s dividend payout ratio is presently 100.84%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised shares of Bellway to an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Bellway has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($41.48).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.