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

M&G Stock Performance

Shares of LON MNG traded up GBX 0.07 ($0.00) during midday trading on Friday, reaching GBX 217.07 ($2.81). The company’s stock had a trading volume of 350,110,344 shares, compared to its average volume of 33,186,926. M&G has a 12-month low of GBX 184 ($2.39) and a 12-month high of GBX 239.90 ($3.11). The firm has a 50 day moving average price of GBX 209.47 and a 200-day moving average price of GBX 204.36. The stock has a market capitalization of £5.17 billion, a P/E ratio of 30.95, a PEG ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

M&G Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price target on 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.

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.