Affiliated Managers Group (AMG) Set to Announce Earnings on Monday

Affiliated Managers Group (NYSE:AMG) will be posting its quarterly earnings results before the market opens on Monday, April 30th. Analysts expect Affiliated Managers Group to post earnings of $4.02 per share for the quarter. Affiliated Managers Group has set its FY18 guidance at $16.50-18.50 EPS.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a net margin of 29.92% and a return on equity of 18.61%. The business had revenue of $604.10 million for the quarter, compared to analyst estimates of $608.51 million. During the same period in the previous year, the business earned $3.80 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect Affiliated Managers Group to post $17 EPS for the current fiscal year and $19 EPS for the next fiscal year.

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Shares of Affiliated Managers Group stock opened at $171.38 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.23. Affiliated Managers Group has a twelve month low of $148.81 and a twelve month high of $216.99. The stock has a market cap of $9,339.52, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.51.

Affiliated Managers Group declared that its board has approved a share buyback plan on Monday, January 29th that permits the company to repurchase 3,400,000 outstanding shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Affiliated Managers Group news, CFO Jay C. Horgen sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $189.59, for a total value of $5,687,700.00. Following the completion of the transaction, the chief financial officer now directly owns 114,039 shares of the company’s stock, valued at $21,620,654.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

AMG has been the topic of a number of recent analyst reports. Deutsche Bank upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and reduced their price target for the company from $216.00 to $215.00 in a research report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a research report on Wednesday, April 11th. Finally, Citigroup boosted their price target on shares of Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus price target of $225.38.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Earnings History for Affiliated Managers Group (NYSE:AMG)

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