Affiliated Managers Group, Inc. (NYSE:AMG) asset management firm, is reporting second quarter earnings results on Monday 27th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.71 per share.
For the full year, analysts predict revenues of $ 1859.47 million, while looking forward to income of $ 12.04 per share.
Previous Quarter Performance
Affiliated Managers Group, Inc. reported income for the first quarter of $ 3.16 per share, from the revenue of $ 507.30 million. The quarterly earnings down 3.07 percent while revenues down 6.59 percent compared with the same quarter last year.
The consensus estimates are income of $ 3.08 per share from $ 496.34 million in revenue. The bottom line results beat street analysts by $ 0.08 or 2.60 percent, at the same time, top line results outshined analysts by $ 10.96 million or 2.21 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AMG was $ 70.23, representing a 58.28 % increase from the 52 week low of $ 44.37 and a 24.25 % decrease over the 52 week high of $ 92.71.
The company has a market capital of $ 3.32 billion and is part of the Financial sector and Asset Management industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Bank of America at Underperform rating, with $ 71.00 target price.
- On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 81.00 target price.
Recent Stock Dividend Announcement
On April 27, 2020, the board of directors authorized quarterly dividend of $ 0.01 per share to holders of record as of the close of business on May 7, 2020, with payment date of May 21, 2020 and ex-dividend date on May 6, 2020.
Conference Call
Affiliated Managers Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amg.com
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.
