Phoenix Group (LON:PHNX) Announces Earnings Results

Key Points

• EPS GBX 32.70 for the quarter; Phoenix posted a negative return on equity of 21.76% and a negative net margin of 2.10%, signaling profitability pressure.
• Shares opened at GBX 695 (near the 52‑week high of GBX 700) with a market cap of £6.94 billion, but a high debt‑to‑equity ratio of 160.32 and a low quick ratio (0.12) point to leverage and short‑term liquidity concerns.
• Broker consensus is an average Hold rating with an average price target of GBX 684.25; analyst views are mixed (two Buys, one Hold, one Sell) and targets range from GBX 630 (UBS) to GBX 852 (Berenberg).

Phoenix Group (LON:PHNX - Get Free Report) released its earnings results on Monday. The company reported GBX 32.70 EPS for the quarter, reports. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%.

Phoenix Group Price Performance

Shares of PHNX opened at GBX 695 on Monday. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. Phoenix Group has a fifty-two week low of GBX 475.20 and a fifty-two week high of GBX 700. The firm has a 50-day simple moving average of GBX 675.11 and a 200-day simple moving average of GBX 663.79. The company has a market capitalization of £6.94 billion, a price-to-earnings ratio of -10.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PHNX. UBS Group restated a "neutral" rating and issued a GBX 630 price objective on shares of Phoenix Group in a report on Friday, September 5th. Berenberg Bank increased their price target on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a "buy" rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 684.25.

About Phoenix Group

Phoenix is the UK's largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers. We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.

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