Begbies Traynor Group (LON:BEG) Announces 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 return on equity of 1.83% and a net margin of 1.06%.

Begbies Traynor Group Stock Up 3.8%

LON:BEG traded up GBX 4.50 ($0.06) during mid-day trading on Friday, hitting GBX 124.50 ($1.69). The company had a trading volume of 873,270 shares, compared to its average volume of 311,732. The business has a fifty day simple moving average of GBX 103.72 and a 200-day simple moving average of GBX 98.34. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. Begbies Traynor Group has a 1 year low of GBX 83.08 ($1.13) and a 1 year high of GBX 126 ($1.71). The firm has a market capitalization of £198.23 million, a price-to-earnings ratio of 135.65, a PEG ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 7th. Investors of record on Thursday, April 10th were given a GBX 1.40 ($0.02) dividend. 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 (DPR) is currently 435.82%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Shore Capital reissued a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday. Berenberg Bank reissued a "buy" rating and set a GBX 150 ($2.04) price target on shares of Begbies Traynor Group in a research note on Wednesday. Finally, Canaccord Genuity Group increased their price target on 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.