Janus Capital Group, Inc (JHG) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Janus Capital Group, Inc (NYSE:JHG) released its earnings results on Tuesday. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13, MarketWatch Earnings reports. Janus Capital Group had a net margin of 13.76% and a return on equity of 9.51%. The firm had revenue of $384.80 million for the quarter, compared to the consensus estimate of $394.97 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 49.7% compared to the same quarter last year.
Janus Capital Group (JHG) traded up 4.11% during midday trading on Tuesday, reaching $35.48. 1,094,212 shares of the company were exchanged. The firm’s 50 day moving average price is $32.63 and its 200-day moving average price is $32.57. Janus Capital Group has a 52 week low of $8.14 and a 52 week high of $35.85. The stock has a market capitalization of $3.88 billion, a P/E ratio of 27.92 and a beta of 1.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.61%. Janus Capital Group’s payout ratio is 57.00%.
Several equities analysts have recently commented on JHG shares. Bank of America Corporation reissued a “neutral” rating and issued a $31.00 target price on shares of Janus Capital Group in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Janus Capital Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Friday. Credit Suisse Group initiated coverage on shares of Janus Capital Group in a research note on Thursday, June 1st. They set a “neutral” rating and a $33.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Janus Capital Group in a research note on Wednesday, May 31st. They set a “market perform” rating and a $32.00 price target on the stock. Finally, J P Morgan Chase & Co initiated coverage on shares of Janus Capital Group in a research note on Friday, June 9th. They set a “neutral” rating and a $33.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.34.
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