Burnham (OTCMKTS:BURCA) Posts Quarterly Earnings Results

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

Burnham Trading Up 9.3 %

OTCMKTS BURCA traded up $1.30 during trading on Friday, hitting $15.30. 14,034 shares of the company’s stock traded hands, compared to its average volume of 607. The stock has a fifty day moving average of $14.06 and a two-hundred day moving average of $13.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 3,193.81 and a quick ratio of 3,191.78. Burnham has a 12-month low of $12.05 and a 12-month high of $16.19. The firm has a market cap of $51.26 million, a P/E ratio of 7.93 and a beta of 0.33.

Burnham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a $0.23 dividend. 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 dividend payout ratio is presently 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.