Oppenheimer Holdings, Inc. (OPY) Announces Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Oppenheimer Holdings, Inc. (NYSE:OPY) released its quarterly earnings data on Friday, July 28th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.26, Bloomberg Earnings reports. The business had revenue of $215.88 million during the quarter. Oppenheimer Holdings had a negative net margin of 1.01% and a negative return on equity of 2.06%.

Oppenheimer Holdings (NYSE OPY) traded up 0.92% during mid-day trading on Tuesday, reaching $16.40. The company’s stock had a trading volume of 21,347 shares. The company’s market cap is $217.15 million. The firm has a 50 day moving average price of $16.39 and a 200 day moving average price of $16.66. Oppenheimer Holdings has a 52-week low of $13.65 and a 52-week high of $19.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 2.71%. Oppenheimer Holdings’s dividend payout ratio is -68.75%.

Oppenheimer Holdings announced that its board has initiated a stock repurchase plan on Friday, May 5th that allows the company to repurchase 650,000 outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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Oppenheimer Holdings Company Profile

Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.