M&G (LON:MNG) Issues Earnings Results

M&G (LON:MNG - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX (15.10) (($0.19)) 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 Price Performance

Shares of LON:MNG traded up GBX 0.50 ($0.01) during midday trading on Friday, reaching GBX 217.50 ($2.81). 15,931,646 shares of the company's stock traded hands, compared to its average volume of 27,324,143. M&G has a 1 year low of GBX 184 ($2.38) and a 1 year high of GBX 239.90 ($3.10). The company has a market cap of £5.18 billion, a P/E ratio of 31.02, a PEG ratio of -2.76 and a beta of 1.47. 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 company has a fifty day simple moving average of GBX 209.97 and a two-hundred day simple moving average of GBX 204.38.

M&G Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 23.50 ($0.30) per share. This is a positive change 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 dividend payout ratio (DPR) is 285.20%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of M&G from GBX 230 ($2.97) to GBX 225 ($2.91) and set a "hold" rating on the stock in a research note on Monday, February 24th.

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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.