SEI Investments Company (NASDAQ:SEIC) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, SEIC is expected to report 2Q20 income of $ 0.68 per share from revenue of $ 401.01 million.
For the full year, analysts anticipate top line of $ 1662.18 million, while looking forward to income of $ 2.96 per share bottom line.
Previous Quarter Performance
SEI Investments Company unwinded income for the first quarter of $ 0.72 per share, from the revenue of $ 414.76 million. The quarterly earnings shrunk 1.37 percent while revenues improved 3.48 percent compared with the same quarter last year.
According to street consensus, SEIC was expected to report 1Q20 income of $ 0.77 per share from revenue of $ 409.12 million. The bottom line results missed street analysts by $ 0.05 or 6.49 percent, at the same time, top line results outshined analysts by $ 5.64 million or 1.38 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SEIC was $ 58.37, representing a 64.84 % increase from the 52 week low of $ 35.41 and a 16.15 % decrease over the 52 week high of $ 69.61.
The company has a market capital of $ 8.63 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Stock Dividend Announcement
The board of directors has authorized semi-annual dividend of $ 0.35 per share on June 3, 2020. The dividend were payable on June 23, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
SEI Investments Company will be hosting a conference call at 4:30 PM eastern time on 22nd 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.seic.com
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries.
