Phoenix Group (LON:PHNX) Issues Earnings Results

Phoenix Group (LON:PHNX) released its quarterly earnings data on Tuesday. The company reported GBX 45.40 ($0.59) EPS for the quarter, Digital Look Earnings reports. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%.

Phoenix Group Trading Down 0.1 %

Shares of PHNX stock opened at GBX 586.30 ($7.62) on Wednesday. Phoenix Group has a 12 month low of GBX 475 ($6.18) and a 12 month high of GBX 590 ($7.67). The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The business’s 50 day moving average is GBX 512.38 and its two-hundred day moving average is GBX 519.21. The company has a market cap of £5.86 billion, a PE ratio of -11.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 3rd will be issued a dividend of GBX 27.35 ($0.36) per share. This represents a yield of 4.66%. The ex-dividend date is Thursday, April 3rd. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio (DPR) is -101.58%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 650 ($8.45) price target on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.