Phoenix Group (LON:PHNX) Releases Quarterly Earnings Results

Key Points

• Phoenix Group reported an earnings per share (EPS) of GBX 18.20 for the quarter, with a negative return on equity of 21.76% and a negative net margin of 2.10%.
• Analyst ratings for the company vary, with a consensus rating of "Hold" and a target price of GBX 683.75, while Berenberg Bank set a target price of GBX 850.
• The company's stock was down 6.1% at opening, with a market capitalization of £6.27 billion and a current ratio of 3.30.

Phoenix Group (LON:PHNX - Get Free Report) issued its quarterly earnings data on Monday. The company reported GBX (18.20) earnings per share for the quarter, Digital Look Earnings reports. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%.

Phoenix Group Trading Up 1.0%

LON PHNX traded up GBX 6.50 during trading on Friday, hitting GBX 646.50. The stock had a trading volume of 3,881,730 shares, compared to its average volume of 8,048,953. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The stock has a market capitalization of £6.46 billion, a price-to-earnings ratio of -578.26, a P/E/G ratio of 1.95 and a beta of 0.73. Phoenix Group has a one year low of GBX 475.20 and a one year high of GBX 699.50. The stock has a 50 day simple moving average of GBX 663.96 and a 200 day simple moving average of GBX 617.96.

Analyst Ratings Changes

Several research analysts recently commented on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 850 price target on shares of Phoenix Group in a research report on Wednesday, September 3rd. Royal Bank Of Canada dropped their price target on Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Finally, UBS Group reiterated a "neutral" rating and issued a GBX 630 price target on shares of Phoenix Group in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Phoenix Group currently has an average rating of "Hold" and an average price target of GBX 683.75.

Phoenix Group Company Profile

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.