Phoenix Group (LON:PHNX) Posts Earnings Results

Phoenix Group (LON:PHNX) issued its earnings results on Tuesday. The company reported GBX 45.40 ($0.59) earnings per share for the quarter, Digital Look Earnings reports. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%.

Phoenix Group Trading Down 0.1 %

LON:PHNX opened at GBX 586.30 ($7.62) on Wednesday. The stock’s 50 day moving average price is GBX 512.38 and its 200 day moving average price is GBX 519.21. Phoenix Group has a 52 week low of GBX 475 ($6.18) and a 52 week high of GBX 590 ($7.67). The company has a market capitalization of £5.86 billion, a P/E ratio of -11.24, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 3rd will be issued a GBX 27.35 ($0.36) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 4.66%. This is an increase from Phoenix Group’s previous dividend of $26.65. Phoenix Group’s dividend payout ratio is currently -101.58%.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.45) target price on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.