Bellway (LON:BWY) Announces Earnings Results

Bellway (LON:BWY) posted its earnings results on Tuesday. The company reported GBX 90.30 ($1.16) earnings per share for the quarter, Digital Look Earnings reports. Bellway had a return on equity of 3.78% and a net margin of 5.48%.

Bellway Stock Down 1.2 %

Shares of BWY traded down GBX 30 ($0.39) during midday trading on Thursday, hitting GBX 2,380 ($30.64). 1,657,202 shares of the company’s stock traded hands, compared to its average volume of 1,341,413. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The stock has a market capitalization of £2.80 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a 1 year low of GBX 2,156 ($27.76) and a 1 year high of GBX 3,384 ($43.57). The firm’s fifty day moving average is GBX 2,408.29 and its 200-day moving average is GBX 2,626.80.

Bellway Increases Dividend

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

Analyst Upgrades and Downgrades

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 given a buy rating to the stock. According to MarketBeat.com, Bellway has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($41.25).

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.