M&G (LON:MNG) Releases Earnings Results

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

Shares of MNG stock opened at GBX 217.32 ($2.82) on Friday. M&G has a 1-year low of GBX 184 ($2.39) and a 1-year high of GBX 239.90 ($3.11). The company has a market cap of £5.18 billion, a price-to-earnings ratio of 30.99, 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. The stock has a 50 day simple moving average of GBX 209.47 and a 200-day simple moving average of GBX 204.36.

M&G Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be issued 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 yield of 4.25%. M&G’s dividend payout ratio is presently 285.20%.

Wall Street Analyst Weigh In

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