M&G (LON:MNG) Announces Earnings Results

M&G (LON:MNG) issued its quarterly 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 Trading Up 0.1 %

LON MNG traded up GBX 0.32 ($0.00) on Friday, hitting GBX 217.32 ($2.82). 349,613,875 shares of the company were exchanged, compared to its average volume of 33,178,215. The company’s 50 day moving average price is GBX 209.47 and its 200-day moving average price is GBX 204.36. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The firm has a market capitalization of £5.18 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. M&G has a twelve month low of GBX 184 ($2.39) and a twelve month high of GBX 239.90 ($3.11).

M&G Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be issued a dividend of GBX 23.50 ($0.30) per share. This represents a 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%.

Analyst Upgrades and Downgrades

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