BrightSphere Investment Group (BSIG) Set to Announce Quarterly Earnings on Thursday

BrightSphere Investment Group (NYSE:BSIG) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

BrightSphere Investment Group (NYSE:BSIG) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.19. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. The firm had revenue of $131.20 million for the quarter, compared to analyst estimates of $127.57 million. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BrightSphere Investment Group Trading Down 1.8 %

Shares of BSIG stock opened at $23.08 on Thursday. The firm’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $20.05. BrightSphere Investment Group has a 1 year low of $15.23 and a 1 year high of $23.63. The firm has a market capitalization of $881.89 million, a P/E ratio of 14.89 and a beta of 1.49.

BrightSphere Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, March 14th. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 2.58%.

Analysts Set New Price Targets

BSIG has been the subject of several research analyst reports. TheStreet raised shares of BrightSphere Investment Group from a “d+” rating to a “c-” rating in a report on Thursday, January 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $24.00 target price on shares of BrightSphere Investment Group in a report on Friday, February 2nd. Finally, Morgan Stanley boosted their price objective on shares of BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 19th.

Insider Activity

In related news, CEO Suren Rana sold 109,960 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total value of $2,280,570.40. Following the transaction, the chief executive officer now directly owns 130,967 shares in the company, valued at approximately $2,716,255.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.90% of the stock is currently owned by company insiders.

BrightSphere Investment Group Company Profile

BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.