Research Analysts Issue Forecasts for Janus Capital Group, Inc’s Q1 2018 Earnings (JHG)
Janus Capital Group, Inc (NYSE:JHG) – Research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Janus Capital Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the company will post earnings of $0.60 per share for the quarter, up from their prior forecast of $0.59. Jefferies Group has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Janus Capital Group’s Q3 2018 earnings at $0.65 EPS, FY2018 earnings at $2.57 EPS and FY2019 earnings at $2.72 EPS.
Janus Capital Group (NYSE:JHG) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. Janus Capital Group had a return on equity of 10.90% and a net margin of 12.41%. The business had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $394.97 million. During the same quarter last year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 49.7% on a year-over-year basis.
A number of other analysts also recently commented on JHG. Citigroup Inc. reissued a “neutral” rating and issued a $37.00 price objective (up previously from $34.50) on shares of Janus Capital Group in a research note on Thursday, August 10th. Bank of America Corporation boosted their price objective on Janus Capital Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Wells Fargo & Company assumed coverage on Janus Capital Group in a research note on Monday, September 25th. They issued a “market perform” rating and a $36.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price objective on shares of Janus Capital Group in a research note on Friday, July 14th. Finally, Zacks Investment Research raised Janus Capital Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 27th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.63.
Shares of Janus Capital Group (NYSE:JHG) traded up 0.40% on Wednesday, hitting $35.15. The stock had a trading volume of 32,198 shares. The firm has a market cap of $6.90 billion, a P/E ratio of 32.88 and a beta of 1.52. The company’s 50-day moving average price is $34.23 and its 200 day moving average price is $33.48. Janus Capital Group has a 12-month low of $2.63 and a 12-month high of $36.25.
Janus Capital Group Company Profile
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
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