Phoenix Group (LON:PHNX) Announces Quarterly Earnings Results

Phoenix Group (LON:PHNX) announced its earnings results on Tuesday. The company reported GBX 45.40 ($0.59) earnings per share for the quarter, Digital Look Earnings reports. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%.

Phoenix Group Stock Performance

PHNX opened at GBX 584.43 ($7.59) on Tuesday. The firm has a market cap of £5.84 billion, a PE ratio of -11.20, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The business has a fifty day simple moving average of GBX 510.83 and a 200-day simple moving average of GBX 519.08. Phoenix Group has a fifty-two week low of GBX 475 ($6.17) and a fifty-two week high of GBX 586 ($7.61).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.44) price objective on shares of Phoenix Group in a research report on Monday, February 17th.

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.