Pzena Investment Management (NYSE:PZN) will be issuing its quarterly earnings data after the market closes on Monday, April 16th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Pzena Investment Management (NYSE:PZN) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $37.51 million. Pzena Investment Management had a net margin of 4.89% and a return on equity of 12.90%. Pzena Investment Management’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, analysts expect Pzena Investment Management to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Pzena Investment Management stock opened at $10.55 on Monday. The stock has a market capitalization of $723.09, a PE ratio of 16.75 and a beta of 1.76. Pzena Investment Management has a 52-week low of $8.25 and a 52-week high of $13.15.
PZN has been the subject of a number of recent research reports. ValuEngine raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, January 4th. Finally, TheStreet cut shares of Pzena Investment Management from a “b+” rating to a “c+” rating in a research report on Wednesday, February 7th.
Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Pzena Investment Management by 5.4% in the second quarter. State Street Corp now owns 230,170 shares of the asset manager’s stock valued at $2,338,000 after acquiring an additional 11,855 shares during the period. California State Teachers Retirement System boosted its position in shares of Pzena Investment Management by 1.7% in the second quarter. California State Teachers Retirement System now owns 29,955 shares of the asset manager’s stock valued at $304,000 after acquiring an additional 500 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Pzena Investment Management by 23.7% in the second quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 3,603 shares during the period. 17.63% of the stock is owned by institutional investors.
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About Pzena Investment Management
Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.
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