Begbies Traynor Group (LON:BEG) Releases Quarterly Earnings Results

Begbies Traynor Group (LON:BEG - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 11 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%.

Begbies Traynor Group Price Performance

Shares of LON BEG traded down GBX 3.50 ($0.05) during mid-day trading on Wednesday, hitting GBX 118 ($1.60). 1,487,417 shares of the company's stock traded hands, compared to its average volume of 306,792. Begbies Traynor Group has a 1 year low of GBX 83.08 ($1.13) and a 1 year high of GBX 124 ($1.69). The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The company's 50-day moving average is GBX 102.64 and its two-hundred day moving average is GBX 98.02. The company has a market capitalization of £187.89 million, a P/E ratio of 128.57, a PEG ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th were given a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, April 10th. Begbies Traynor Group's dividend payout ratio is 435.82%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 150 ($2.04) price target on shares of Begbies Traynor Group in a report on Wednesday. Shore Capital reissued a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price target on shares of Begbies Traynor Group from GBX 153 ($2.08) to GBX 157 ($2.13) and gave the stock a "buy" rating in a research note on Tuesday.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.