Brokerages Expect Artisan Partners Asset Management Inc (APAM) to Announce $0.69 EPS

Equities research analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to post earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.68. Artisan Partners Asset Management reported earnings of $0.66 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The firm is expected to announce its next earnings report on Tuesday, February 5th.

On average, analysts expect that Artisan Partners Asset Management will report full-year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.04. For the next year, analysts forecast that the business will post earnings of $2.60 per share, with EPS estimates ranging from $2.50 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 30th. The asset manager reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $212.17 million. Artisan Partners Asset Management had a return on equity of 199.82% and a net margin of 11.60%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. ValuEngine lowered Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada set a $34.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Thursday, November 1st. Citigroup decreased their price target on Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. Finally, TheStreet lowered Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.80.

Institutional investors have recently modified their holdings of the stock. IFG Advisory LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $207,000. We Are One Seven LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $207,000. Wesbanco Bank Inc. acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $209,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Artisan Partners Asset Management during the 2nd quarter worth approximately $203,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $263,000. Hedge funds and other institutional investors own 62.70% of the company’s stock.

Shares of NYSE:APAM traded down $0.35 during trading on Tuesday, hitting $23.77. 508,600 shares of the stock were exchanged, compared to its average volume of 350,771. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.16 and a beta of 1.70. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68. Artisan Partners Asset Management has a 12-month low of $23.61 and a 12-month high of $41.45.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $2.40 annualized dividend and a dividend yield of 10.10%. Artisan Partners Asset Management’s dividend payout ratio is currently 99.59%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

Further Reading: What is the LIBOR?

Get a free copy of the Zacks research report on Artisan Partners Asset Management (APAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply