Impax Asset Management Group (LON:IPX) Posts Quarterly Earnings Results

Impax Asset Management Group (LON:IPX - Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 9.80 ($0.13) earnings per share for the quarter, Digital Look Earnings reports. Impax Asset Management Group had a return on equity of 32.67% and a net margin of 22.60%.

Impax Asset Management Group Stock Up 8.2%

Shares of IPX stock traded up GBX 13.64 ($0.18) during trading hours on Thursday, hitting GBX 179.04 ($2.40). 1,779,248 shares of the company's stock traded hands, compared to its average volume of 1,214,587. The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The stock's fifty day simple moving average is GBX 158.65 and its two-hundred day simple moving average is GBX 217.59. Impax Asset Management Group has a 12-month low of GBX 112.60 ($1.51) and a 12-month high of GBX 520 ($6.97). The stock has a market cap of £226.82 million, a price-to-earnings ratio of 5.70, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, February 20th were issued a GBX 22.90 ($0.31) dividend. This represents a yield of 7.12%. The ex-dividend date was Thursday, February 20th. This is a boost from Impax Asset Management Group's previous dividend of $4.70. Impax Asset Management Group's dividend payout ratio is 89.19%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective on Impax Asset Management Group from GBX 440 ($5.90) to GBX 330 ($4.43) and set a "buy" rating for the company in a research report on Tuesday, April 8th.

About Impax Asset Management Group

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally. We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.

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