AllianceBernstein Holding L.P. (NYSE:AB) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.60 per share.
Looking ahead, the full year income are expected at $ 2.54 per share on the revenues of $ 2981.41 million.
Previous Quarter Performance
AllianceBernstein Holding L.P. unveiled income for the first quarter of $ 0.64 per share, from the revenue of $ 874.16 million. The quarterly earnings increased 30.61 percent while revenues raised 29.00 percent compared with the same quarter last year.
Wall street analysts are predicting, AB to report 1Q20 income of $ 0.59 per share from revenue of $ 718.42 million. The bottom line results beat street analysts by $ 0.05 or 8.47 percent, at the same time, top line results outshined analysts by $ 155.74 million or 21.68 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AB was $ 28.96, representing a 118.73 % increase from the 52 week low of $ 13.24 and a 19.69 % decrease over the 52 week high of $ 36.06.
The company has a market capital of $ 2.83 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
On 13th July 2020, initiated by Evercore ISI at Outperform rating, with $ 30.00 target price.
On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 29.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.64 per share on April 28, 2020. The dividend were payable on May 28, 2020 to holders of record as of the close of business on May 11, 2020 and ex-dividend date on May 8, 2020.
Conference Call
AllianceBernstein Holding L.P. will be hosting a conference call at 8:00 AM eastern time on 23rd 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.alliancebernstein.com
AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients.
