Pzena Investment Management (NYSE:PZN) announced its quarterly earnings results on Tuesday. The asset manager reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The company had revenue of $38.91 million during the quarter. Pzena Investment Management had a return on equity of 12.92% and a net margin of 14.41%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share.
Pzena Investment Management (PZN) traded up $0.07 during trading on Tuesday, hitting $11.28. The stock had a trading volume of 55,877 shares, compared to its average volume of 57,791. The stock has a market capitalization of $831.38, a PE ratio of 15.89 and a beta of 1.77. Pzena Investment Management has a 1-year low of $8.25 and a 1-year high of $13.15.
Separately, Zacks Investment Research cut Pzena Investment Management from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st.
Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors.
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