M&G (LON:MNG) Posts Earnings Results

M&G (LON:MNG) released its quarterly earnings results on Wednesday. The company reported GBX (15.10) (($0.20)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. M&G had a return on equity of 4.31% and a net margin of 1.85%.

M&G Price Performance

Shares of LON:MNG opened at GBX 217.26 ($2.82) on Friday. The company has a market cap of £5.17 billion, a price-to-earnings ratio of 30.98, a PEG ratio of -2.76 and a beta of 1.47. The business has a 50 day moving average price of GBX 209.47 and a 200 day moving average price of GBX 204.36. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. M&G has a twelve month low of GBX 184 ($2.39) and a twelve month high of GBX 239.90 ($3.11).

M&G Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a GBX 23.50 ($0.30) dividend. This is an increase from M&G’s previous dividend of $6.60. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, March 27th. M&G’s dividend payout ratio (DPR) is currently 285.20%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on M&G from GBX 230 ($2.98) to GBX 225 ($2.92) and set a “hold” rating for the company in a research report on Monday, February 24th.

About M&G

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.