Burnham (OTCMKTS:BURCA) Posts Quarterly Earnings Results

Burnham (OTCMKTS:BURCA) released its earnings results on Thursday. The industrial products company reported $2.05 earnings per share for the quarter, Zacks reports. Burnham had a return on equity of 8.84% and a net margin of 3.51%. The business had revenue of $94.10 million during the quarter.

Burnham Trading Up 9.3 %

Shares of Burnham stock traded up $1.30 on Friday, hitting $15.30. 14,034 shares of the company traded hands, compared to its average volume of 607. The stock’s 50 day moving average price is $14.06 and its 200-day moving average price is $13.76. The company has a current ratio of 3,193.81, a quick ratio of 3,191.78 and a debt-to-equity ratio of 0.47. Burnham has a 52 week low of $12.05 and a 52 week high of $16.19. The company has a market cap of $51.26 million, a PE ratio of 7.93 and a beta of 0.33.

Burnham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.92 dividend on an annualized basis and a yield of 6.01%. Burnham’s payout ratio is 47.67%.

Burnham Company Profile

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.