Artisan Partners Asset Management Inc. (APAM) Scheduled to Post Quarterly Earnings on Tuesday
Artisan Partners Asset Management Inc. (NYSE:APAM) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the previous year, the company posted $0.53 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect Artisan Partners Asset Management to post $2.38 EPS for the current fiscal year and $2.64 EPS for the next fiscal year.
Shares of Artisan Partners Asset Management Inc. (NYSE APAM) opened at 35.80 on Tuesday. The firm has a 50-day moving average of $32.58 and a 200 day moving average of $30.52. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.12 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 12-month low of $24.48 and a 12-month high of $36.15.
Several research firms recently commented on APAM. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.56.
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About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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