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

M&G (LON:MNG) posted its quarterly earnings results on Wednesday. The company reported GBX (15.10) (($0.20)) 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 Price Performance

Shares of LON MNG traded up GBX 0.70 ($0.01) during trading on Friday, hitting GBX 217.70 ($2.82). The company had a trading volume of 350,216,000 shares, compared to its average volume of 33,187,199. The company has a market cap of £5.18 billion, a P/E ratio of 31.04, a PEG ratio of -2.76 and a beta of 1.47. M&G has a 52 week low of GBX 184 ($2.39) and a 52 week high of GBX 239.90 ($3.11). The business’s 50-day moving average is GBX 209.47 and its 200 day moving average is GBX 204.36. 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 Increases Dividend

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of M&G from GBX 230 ($2.98) to GBX 225 ($2.92) and set a “hold” rating for the company in a research note 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.