Bodycote (LON:BOY) Issues Quarterly Earnings Results

Bodycote (LON:BOY) released its quarterly earnings data on Tuesday. The company reported GBX 48.60 ($0.64) EPS for the quarter, Digital Look Earnings reports. Bodycote had a net margin of 8.01% and a return on equity of 8.14%.

Bodycote Stock Performance

BOY stock traded down GBX 8.40 ($0.11) during mid-day trading on Thursday, reaching GBX 483.20 ($6.40). The company had a trading volume of 68,455 shares, compared to its average volume of 704,698. The stock’s 50-day simple moving average is GBX 589.91 and its two-hundred day simple moving average is GBX 602.02. The stock has a market capitalization of £865.31 million, a P/E ratio of 14.54, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. Bodycote has a one year low of GBX 449.40 ($5.95) and a one year high of GBX 774 ($10.24).

Bodycote Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be given a GBX 16.10 ($0.21) dividend. The ex-dividend date is Thursday, April 24th. This is a positive change from Bodycote’s previous dividend of $6.90. This represents a yield of 2.8%. Bodycote’s dividend payout ratio (DPR) is currently 69.21%.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($10.59) price target on shares of Bodycote in a report on Monday, March 24th.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.