Mony Group (LON:MONY) Announces Quarterly Earnings Results

Mony Group (LON:MONY) issued its quarterly earnings results on Tuesday. The company reported GBX 9.70 earnings per share for the quarter, Digital Look Earnings reports. Mony Group had a return on equity of 36.01% and a net margin of 18.19%.

Here are the key takeaways from Mony Group’s conference call:

• MONY Group delivered a strong first half, with like-for-like revenue up 6% to GBP 227 million, adjusted EBITDA up 3% to GBP 75 million, and record interim growth for the fifth consecutive period.
• The company said it helped U.K. households save an estimated GBP 1.5 billion in H1, and the customer base continues to expand with SuperSaveClub reaching 2.5 million members and MSE app/newsletter engagement rising.
• Management highlighted continued investment in AI and product innovation, including a more integrated MoneySuperMarket app, investments, SuperSaveClub Insurance, and a new SME banking proposition expected to launch in August.
• Google PPC inflation appears to be moderating after a period of sharp increases, though the company still sees mix-driven gross margin pressure from higher spend and the ramp-up of B2B deals.
• The outlook for energy and insurance remains dependent on market conditions, with management saying conversion opportunities are strong but deal flow, wholesale costs, and the price cap will determine near-term momentum.

Mony Group Trading Down 2.6%

Shares of MONY stock opened at GBX 193.50 on Wednesday. The firm’s 50-day simple moving average is GBX 184.39 and its 200-day simple moving average is GBX 174.48. The company has a debt-to-equity ratio of 7.86, a current ratio of 1.18 and a quick ratio of 0.70. Mony Group has a 1-year low of GBX 139.70 and a 1-year high of GBX 220.20. The firm has a market cap of £997.44 million, a P/E ratio of 12.73, a PEG ratio of 1.20 and a beta of 0.97.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Mony Group to a “buy” rating and lifted their price objective for the company from GBX 205 to GBX 230 in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 240.

About Mony Group

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others. Our purpose is to help households save money by giving them access to free online tools that enable them to compare and switch products.