Affiliated Managers Group, Inc. (AMG) to Release Quarterly Earnings on Monday
Affiliated Managers Group, Inc. (NYSE:AMG) is scheduled to be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $3.31 per share for the quarter.
Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.09. The company had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $573.73 million. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. Affiliated Managers Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $3.07 earnings per share. On average, analysts expect Affiliated Managers Group to post $14.49 EPS for the current fiscal year and $16.51 EPS for the next fiscal year.
Affiliated Managers Group, Inc. (AMG) opened at 197.54 on Monday. The stock has a market capitalization of $11.05 billion, a PE ratio of 21.88 and a beta of 1.66. The company’s 50-day moving average is $186.84 and its 200 day moving average is $171.58. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $198.30.
A number of equities research analysts have recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a report on Friday, August 18th. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Thursday, August 3rd. Finally, ValuEngine raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Affiliated Managers Group has a consensus rating of “Buy” and an average price target of $207.25.
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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