Zacks: Analysts Anticipate Manning and Napier Inc (MN) to Announce $0.09 EPS

Equities analysts expect that Manning and Napier Inc (NYSE:MN) will post earnings per share (EPS) of $0.09 for the current quarter, according to Zacks. Two analysts have made estimates for Manning and Napier’s earnings, with estimates ranging from $0.08 to $0.09. Manning and Napier posted earnings per share of $0.16 in 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 earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that Manning and Napier will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.45. For the next year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Manning and Napier.

Manning and Napier (NYSE:MN) last issued 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 and Napier had a net margin of 3.30% and a return on equity of 30.20%. The company had revenue of $48.84 million during the quarter, compared to analysts’ expectations of $47.52 million. During the same period last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was down 22.9% on a year-over-year basis.

A number of research analysts have recently weighed in on MN shares. Zacks Investment Research raised shares of Manning and Napier from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $4.00 price objective on shares of Manning and Napier in a research note on Friday, November 10th.

Shares of Manning and Napier (NYSE MN) traded up $0.15 during trading on Friday, reaching $4.15. 56,358 shares of the company’s stock were exchanged, compared to its average volume of 112,780. Manning and Napier has a 12 month low of $3.00 and a 12 month high of $7.35. The stock has a market capitalization of $64.76, a PE ratio of 18.04, a PEG ratio of 1.54 and a beta of 1.53.

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of Manning and Napier during the 2nd quarter worth approximately $382,000. Dimensional Fund Advisors LP grew its stake in Manning and Napier by 23.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 348,155 shares of the asset manager’s stock worth $1,514,000 after acquiring an additional 65,630 shares during the period. OxFORD Asset Management LLP grew its stake in Manning and Napier by 289.8% in the 2nd quarter. OxFORD Asset Management LLP now owns 69,767 shares of the asset manager’s stock worth $303,000 after acquiring an additional 51,867 shares during the period. VNBTrust National Association purchased a new stake in Manning and Napier in the 4th quarter worth approximately $1,476,000. Finally, Macquarie Group Ltd. purchased a new stake in Manning and Napier in the 3rd quarter worth approximately $153,000. 53.91% of the stock is owned by institutional investors and hedge funds.

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About Manning and 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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