Guardian Capital Group (TSE:GCG) Releases Earnings Results

Guardian Capital Group (TSE:GCG) issued its quarterly earnings data on Thursday. The financial services provider reported C$1.58 earnings per share (EPS) for the quarter, reports. Guardian Capital Group had a return on equity of 5.26% and a net margin of 24.73%. The firm had revenue of C$98.13 million during the quarter.

Guardian Capital Group Price Performance

GCG remained flat at C$40.90 during mid-day trading on Friday. The firm has a market cap of C$112.07 million, a PE ratio of 16.83 and a beta of 1.10. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64. The company has a 50 day simple moving average of C$40.66 and a 200-day simple moving average of C$42.69. Guardian Capital Group has a 52-week low of C$39.41 and a 52-week high of C$52.13.

Guardian Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 3.62%. Guardian Capital Group’s dividend payout ratio is presently 60.91%.

Analysts Set New Price Targets

Separately, CIBC dropped their price target on shares of Guardian Capital Group from C$54.00 to C$47.00 in a research report on Friday, July 19th.

About Guardian Capital Group

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.