Equities analysts expect Manning & Napier, Inc. (NYSE:MN) to report earnings per share (EPS) of $0.09 for the current quarter, Zacks reports. Two analysts have made estimates for Manning & Napier’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. Manning & Napier reported earnings of $0.16 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 43.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Manning & Napier will report full-year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.45. For the next fiscal year, analysts forecast that the company will report earnings of $0.30 per share, with EPS estimates ranging from $0.25 to $0.35. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Manning & Napier.

Manning & Napier (NYSE:MN) last announced its earnings results on Wednesday, November 1st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Manning & Napier had a return on equity of 30.20% and a net margin of 3.30%. The company had revenue of $48.84 million for the quarter, compared to the consensus estimate of $47.52 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was down 22.9% compared to the same quarter last year.

Several brokerages have issued reports on MN. Zacks Investment Research raised shares of Manning & Napier from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $4.00 price target on shares of Manning & Napier in a report on Friday, November 10th. Finally, ValuEngine raised shares of Manning & Napier from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in Manning & Napier during the 2nd quarter worth about $382,000. Menta Capital LLC lifted its position in Manning & Napier by 38.7% during the 2nd quarter. Menta Capital LLC now owns 260,850 shares of the asset manager’s stock worth $1,135,000 after buying an additional 72,840 shares in the last quarter. OxFORD Asset Management LLP lifted its position in Manning & Napier by 289.8% during the 2nd quarter. OxFORD Asset Management LLP now owns 69,767 shares of the asset manager’s stock worth $303,000 after buying an additional 51,867 shares in the last quarter. Geode Capital Management LLC lifted its position in Manning & Napier by 89.8% during the 1st quarter. Geode Capital Management LLC now owns 244,615 shares of the asset manager’s stock worth $1,393,000 after buying an additional 115,749 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Manning & Napier by 58.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 216,480 shares of the asset manager’s stock valued at $942,000 after purchasing an additional 79,900 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Manning & Napier (MN) opened at $3.72 on Thursday. The stock has a market cap of $56.40, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.52. Manning & Napier has a fifty-two week low of $3.00 and a fifty-two week high of $8.15.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 8.60%. The ex-dividend date is Thursday, January 11th. Manning & Napier’s payout ratio is 66.67%.

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About Manning & Napier

Manning & Napier, Inc is an independent investment management company. The Company operates through investment management industry segment. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services.

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