Bellway (LON:BWY) Posts Quarterly Earnings Results

Bellway (LON:BWY) announced its quarterly earnings data on Tuesday. The company reported GBX 90.30 ($1.16) earnings per share 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 2,388 ($30.75) on Thursday. The firm’s fifty day moving average is GBX 2,408.29 and its two-hundred day moving average is GBX 2,626.80. The firm has a market cap of £2.81 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. Bellway has a one year low of GBX 2,156 ($27.76) and a one year high of GBX 3,384 ($43.57).

Bellway Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, April 3rd will be issued a dividend of GBX 95 ($1.22) per share. This represents a dividend yield of 2.55%. The ex-dividend date is Thursday, April 3rd. This is a boost from Bellway’s previous dividend of $38.00. Bellway’s dividend payout ratio (DPR) is 100.84%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded Bellway to an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($41.25).

Bellway Company Profile

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.