Mony Group (LON:MONY) Announces Earnings Results

Mony Group (LON:MONY) issued its earnings results on Tuesday. The company reported GBX 9.70 EPS for the quarter, Digital Look Earnings reports. Mony Group had a return on equity of 37.46% and a net margin of 18.25%.

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 0.6%

MONY opened at GBX 191.90 on Thursday. The company has a debt-to-equity ratio of 22.84, a current ratio of 1.33 and a quick ratio of 0.70. Mony Group has a fifty-two week low of GBX 139.70 and a fifty-two week high of GBX 220.20. The company’s 50 day moving average price is GBX 184.84 and its two-hundred day moving average price is GBX 174.54. The firm has a market capitalization of £989.19 million, a price-to-earnings ratio of 12.63, a PEG ratio of 1.20 and a beta of 0.97.

Analyst Ratings Changes

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

Mony Group Company Profile

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.