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

M&G (LON:MNG) issued its quarterly earnings data on Wednesday. The company reported GBX (15.10) (($0.20)) earnings per share for the quarter, Digital Look Earnings reports. M&G had a return on equity of 4.31% and a net margin of 1.85%.

M&G Trading Up 0.5 %

LON MNG traded up GBX 1.10 ($0.01) during mid-day trading on Friday, reaching GBX 218.10 ($2.83). 350,846,781 shares of the stock were exchanged, compared to its average volume of 33,199,848. The business’s fifty day simple moving average is GBX 209.47 and its 200 day simple 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. The stock has a market capitalization of £5.19 billion, a PE ratio of 31.10, a PEG ratio of -2.76 and a beta of 1.47. M&G has a 1-year low of GBX 184 ($2.39) and a 1-year high of GBX 239.90 ($3.11).

M&G Increases Dividend

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped 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 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.