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

Begbies Traynor Group (LON:BEG - Get Free Report) issued its earnings results on Tuesday. The company reported GBX 11 ($0.15) EPS 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 Trading Up 3.8%

Shares of Begbies Traynor Group stock traded up GBX 4.50 ($0.06) on Friday, reaching GBX 124.50 ($1.68). The company had a trading volume of 873,270 shares, compared to its average volume of 311,732. The firm's 50 day moving average price is GBX 104.34 and its two-hundred day moving average price is GBX 98.60. The firm has a market cap of £198.23 million, a PE ratio of 135.65, a PEG ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a 52-week low of GBX 83.08 ($1.12) and a 52-week high of GBX 126 ($1.70). The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

Begbies Traynor Group Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Shore Capital reaffirmed a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday. Canaccord Genuity Group lifted their target price on shares of Begbies Traynor Group from GBX 153 ($2.06) to GBX 157 ($2.12) and gave the stock a "buy" rating in a research note on Tuesday. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 150 ($2.02) price target on shares of Begbies Traynor Group in a research note on Wednesday.

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.