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

M&G (LON:MNG) issued its earnings results on Wednesday. The company reported GBX (15.10) (($0.20)) earnings per share 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 0.1 %

Shares of LON MNG traded up GBX 0.32 ($0.00) during trading hours on Friday, hitting GBX 217.32 ($2.82). The stock had a trading volume of 349,613,875 shares, compared to its average volume of 33,178,215. The company has a market capitalization of £5.18 billion, a P/E ratio of 30.99, a P/E/G ratio of -2.76 and a beta of 1.47. The firm’s 50-day moving average price is GBX 209.47 and its two-hundred day moving average price is GBX 204.36. M&G has a 52 week low of GBX 184 ($2.39) and a 52 week high of GBX 239.90 ($3.11). 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 company also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be paid a GBX 23.50 ($0.30) dividend. This is a boost from M&G’s previous dividend of $6.60. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 4.25%. M&G’s payout ratio is presently 285.20%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on M&G from GBX 230 ($2.98) to GBX 225 ($2.92) and set a “hold” rating on the stock in a report 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.