OM Asset Management (NYSE:OMAM) will be releasing its earnings data before the market opens on Thursday, February 1st. Analysts expect OM Asset Management to post earnings of $0.40 per share for the quarter.
OM Asset Management (NYSE:OMAM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. OM Asset Management had a net margin of 9.49% and a return on equity of 114.45%. The firm had revenue of $228.20 million during the quarter, compared to analyst estimates of $220.50 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. On average, analysts expect OM Asset Management to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of OM Asset Management (NYSE:OMAM) opened at $17.96 on Wednesday. OM Asset Management has a one year low of $13.20 and a one year high of $18.62. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.23. The stock has a market cap of $2,000.00, a price-to-earnings ratio of 28.06, a PEG ratio of 0.65 and a beta of 1.76.
OMAM has been the subject of several research reports. Royal Bank of Canada set a $18.00 price target on shares of OM Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of OM Asset Management from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, January 4th. TheStreet upgraded shares of OM Asset Management from a “d” rating to a “c” rating in a research report on Monday, October 9th. Finally, Sandler O’Neill set a $19.00 price target on shares of OM Asset Management and gave the company a “hold” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. OM Asset Management has a consensus rating of “Buy” and a consensus price target of $19.43.
In other OM Asset Management news, Director James Joseph Ritchie sold 7,900 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.12, for a total transaction of $127,348.00. Following the completion of the transaction, the director now owns 18,372 shares in the company, valued at $296,156.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel K. Mahoney sold 2,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $15.94, for a total transaction of $31,880.00. Following the transaction, the chief accounting officer now owns 7,493 shares of the company’s stock, valued at approximately $119,438.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,257 shares of company stock valued at $922,264. 1.48% of the stock is owned by company insiders.
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About OM Asset Management
OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.
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