Calamos Asset Management Lowered to Neutral at Zacks (CLMS)
Calamos Asset Management (NASDAQ:CLMS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $14.50 price target on the stock. Zacks‘s price target would suggest a potential upside of 16.28% from the company’s current price.
Shares of Calamos Asset Management (NASDAQ:CLMS) traded down 0.72% on Tuesday, hitting $12.38. 41,096 shares of the company’s stock traded hands. Calamos Asset Management has a 52-week low of $9.46 and a 52-week high of $13.90. The stock has a 50-day moving average of $13.00 and a 200-day moving average of $12.56. The company has a market cap of $254.2 million and a P/E ratio of 12.79.
Calamos Asset Management (NASDAQ:CLMS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.09. 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. On average, analysts predict that Calamos Asset Management will post $0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, August 8th. This is a boost from Calamos Asset Management’s previous quarterly dividend of $0.13.
Separately, 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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