M&G (LON:MNG) Posts Quarterly Earnings Results

M&G (LON:MNG) issued its 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 net margin of 1.85% and a return on equity of 4.31%.

M&G Stock Up 2.9 %

Shares of LON:MNG opened at GBX 227.60 ($2.96) on Wednesday. The firm has a 50 day simple moving average of GBX 208.31 and a 200 day simple moving average of GBX 204.26. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. M&G has a 52 week low of GBX 184 ($2.39) and a 52 week high of GBX 241.10 ($3.13). The company has a market cap of £5.42 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

M&G Increases Dividend

The company also recently disclosed a dividend, which will be paid on Sunday, May 25th. Stockholders of record on Thursday, March 20th will be paid a GBX 23.50 ($0.31) dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from M&G’s previous dividend of $6.60. M&G’s payout ratio is currently 285.20%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of M&G from GBX 230 ($2.99) to GBX 225 ($2.93) and set a “hold” rating on the stock in a research report on Monday, February 24th.

M&G Company Profile

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.