Bellway (LON:BWY) Posts Earnings Results, Beats Estimates By $4.40 EPS
Bellway (LON:BWY) released its quarterly earnings data on Wednesday. The company reported GBX 194.40 ($2.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 190 ($2.50) by GBX 4.40 ($0.06), Digital Look Earnings reports.
Shares of LON:BWY traded down GBX 32 ($0.42) during midday trading on Wednesday, reaching GBX 2,039 ($26.82). The company’s stock had a trading volume of 1,101,980 shares, compared to its average volume of 535,129. The firm has a 50 day moving average of GBX 3,528.11 and a 200-day moving average of GBX 3,503.37. The firm has a market capitalization of $2.51 billion and a P/E ratio of 4.67. The company has a quick ratio of 0.37, a current ratio of 4.38 and a debt-to-equity ratio of 0.51. Bellway has a 12-month low of GBX 38.96 ($0.51) and a 12-month high of GBX 4,336 ($57.04).
Several research analysts have issued reports on BWY shares. Canaccord Genuity raised their price target on shares of Bellway from GBX 3,590 ($47.22) to GBX 4,260 ($56.04) and gave the stock a “buy” rating in a report on Tuesday, January 7th. Citigroup reaffirmed a “buy” rating on shares of Bellway in a research report on Wednesday, January 29th. UBS Group reaffirmed a “buy” rating on shares of Bellway in a research note on Friday, March 20th. Berenberg Bank boosted their price target on shares of Bellway from GBX 3,560 ($46.83) to GBX 4,220 ($55.51) and gave the company a “buy” rating in a research report on Thursday, January 9th. Finally, Credit Suisse Group initiated coverage on shares of Bellway in a research note on Tuesday, February 4th. They issued an “outperform” rating and a GBX 4,650 ($61.17) price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 4,285.64 ($56.38).
Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.
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