Michelmersh Brick (LON:MBH) Releases Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly earnings data on Tuesday. The company reported GBX 8.18 ($0.11) earnings per share for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%.

Michelmersh Brick Price Performance

Shares of MBH opened at GBX 97.32 ($1.26) on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. Michelmersh Brick has a 1-year low of GBX 92 ($1.19) and a 1-year high of GBX 111.65 ($1.45). The stock has a market cap of £89.50 million, a PE ratio of 11.07 and a beta of 1.01. The firm has a fifty day moving average price of GBX 105.44 and a 200 day moving average price of GBX 102.50.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MBH shares. Berenberg Bank restated a “buy” rating and issued a GBX 170 ($2.20) price target on shares of Michelmersh Brick in a research note on Tuesday. Canaccord Genuity Group cut their target price on Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating on the stock in a research report on Tuesday.

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.