Zacks: Brokerages Expect Artisan Partners Asset Management Inc (APAM) Will Post Earnings of $0.75 Per Share

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Wall Street analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to announce $0.75 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Artisan Partners Asset Management’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.77. Artisan Partners Asset Management reported earnings of $0.58 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.3%. The company is expected to issue its next quarterly earnings report on Monday, July 30th.

On average, analysts expect that Artisan Partners Asset Management will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.02 to $3.16. For the next financial year, analysts forecast that the business will post earnings of $3.35 per share, with EPS estimates ranging from $3.08 to $3.59. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $211.75 million. Artisan Partners Asset Management had a net margin of 8.63% and a return on equity of 160.18%. Artisan Partners Asset Management’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share.

A number of research analysts have commented on APAM shares. Zacks Investment Research lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b” rating in a research note on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.60.

Several institutional investors have recently modified their holdings of APAM. SG Americas Securities LLC acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth about $101,000. O Shaughnessy Asset Management LLC increased its stake in shares of Artisan Partners Asset Management by 107,760.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,393 shares of the asset manager’s stock worth $180,000 after acquiring an additional 5,388 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $225,000. AMP Capital Investors Ltd acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $225,000. Finally, We Are One Seven LLC acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

NYSE APAM opened at $31.55 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.67. Artisan Partners Asset Management has a one year low of $29.00 and a one year high of $41.45.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Thursday, May 17th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, May 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.61%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 99.59%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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