Begbies Traynor Group (LON:BEG) Posts Earnings Results

Begbies Traynor Group (LON:BEG - Get Free Report) issued its 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 Price Performance

LON BEG traded up GBX 2 ($0.03) during trading hours on Thursday, reaching GBX 120 ($1.63). 297,400 shares of the company's stock were exchanged, compared to its average volume of 306,721. The stock has a market cap of £191.07 million, a PE ratio of 130.75, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The firm has a fifty day moving average of GBX 103.17 and a 200-day moving average of GBX 98.16. Begbies Traynor Group has a one year low of GBX 83.08 ($1.13) and a one year high of GBX 124 ($1.69).

Begbies Traynor Group Cuts Dividend

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

Analyst Upgrades and Downgrades

BEG has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on Begbies Traynor Group from GBX 153 ($2.08) to GBX 157 ($2.13) and gave the company a "buy" rating in a research report on Tuesday. Berenberg Bank reiterated a "buy" rating and set a GBX 150 ($2.04) price target on shares of Begbies Traynor Group in a report on Wednesday. Finally, Shore Capital reiterated a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday.

About Begbies Traynor Group

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.