Calamos Asset Management (CLMS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Calamos Asset Management (NASDAQ:CLMS) announced its earnings results on Tuesday. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.09, Analyst RN reports. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $64.42 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis.
Shares of Calamos Asset Management (NASDAQ:CLMS) traded up 0.62% during mid-day trading on Tuesday, hitting $12.91. The stock had a trading volume of 61,655 shares. Calamos Asset Management has a 1-year low of $9.46 and a 1-year high of $13.89. The stock’s 50-day moving average is $13.28 and its 200-day moving average is $12.52. The company has a market cap of $265.1 million and a price-to-earnings ratio of 14.68.
A number of analysts have recently weighed in on CLMS shares. Analysts at Zacks upgraded shares of Calamos Asset Management from a “neutral” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $14.50 price target on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Calamos Asset Management from a “market perform” rating to an “underperform” rating in a research note on Monday, July 14th. They now have a $11.75 price target on the stock.
Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.
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