Affiliated Managers Group (AMG) Scheduled to Post Quarterly Earnings on Monday

Affiliated Managers Group (NYSE:AMG) will issue its quarterly earnings data on Monday, April 29th. Affiliated Managers Group has set its Q1 guidance at $5.03-$5.24 EPS.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, beating the consensus estimate of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $502.70 million during the quarter, compared to analyst estimates of $524.98 million. During the same period in the prior year, the business earned $7.28 earnings per share. The business’s quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts expect Affiliated Managers Group to post $22 EPS for the current fiscal year and $25 EPS for the next fiscal year.

Affiliated Managers Group Price Performance

AMG stock opened at $160.20 on Friday. Affiliated Managers Group has a 12 month low of $120.22 and a 12 month high of $169.65. The firm has a market cap of $5.20 billion, a PE ratio of 9.23, a P/E/G ratio of 0.56 and a beta of 1.31. The firm has a 50 day simple moving average of $161.31 and a 200 day simple moving average of $148.20.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio is presently 0.23%.

Wall Street Analyst Weigh In

AMG has been the subject of several recent research reports. TD Cowen initiated coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $185.00 target price for the company. Barrington Research upped their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.