Guardian Capital Group (TSE:GCG) Issues Earnings Results

Guardian Capital Group (TSE:GCG) released its earnings results on Thursday. The financial services provider reported C$1.58 earnings per share for the quarter, reports. The firm had revenue of C$98.13 million during the quarter. Guardian Capital Group had a net margin of 24.73% and a return on equity of 5.26%.

Guardian Capital Group Stock Performance

Shares of GCG stock opened at C$40.90 on Friday. The company has a market capitalization of C$112.07 million, a PE ratio of 16.83 and a beta of 1.10. Guardian Capital Group has a 52-week low of C$39.41 and a 52-week high of C$52.13. The business’s fifty day moving average is C$40.66 and its 200 day moving average is C$42.66. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03.

Guardian Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.62%. Guardian Capital Group’s dividend payout ratio (DPR) is currently 60.91%.

Analysts Set New Price Targets

Separately, CIBC dropped their price target on shares of Guardian Capital Group from C$54.00 to C$47.00 in a research note on Friday, July 19th.

About Guardian Capital Group

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.