Affiliated Managers Group (AMG) Set to Announce Earnings on Monday

Affiliated Managers Group (NYSE:AMG) is scheduled to release its earnings data on Monday, April 29th. Affiliated Managers Group has set its Q1 guidance at $5.03-$5.24 EPS.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.83. The firm had revenue of $502.70 million for the quarter, compared to analysts’ expectations of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $7.28 EPS. On average, analysts expect Affiliated Managers Group to post $22 EPS for the current fiscal year and $25 EPS for the next fiscal year.

Affiliated Managers Group Trading Up 0.4 %

Shares of NYSE AMG opened at $160.20 on Friday. The firm’s 50-day moving average price is $161.31 and its 200-day moving average price is $148.20. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.56 and a beta of 1.31. Affiliated Managers Group has a 12-month low of $120.22 and a 12-month high of $169.65.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen assumed coverage on shares of Affiliated Managers Group in a report on Thursday, January 4th. They set an “outperform” rating and a $185.00 price target on the stock. Barrington Research upped their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.