Silvercrest Asset Management Group (SAMG) to Release Quarterly Earnings on Tuesday

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Silvercrest Asset Management Group (NASDAQ:SAMG) is scheduled to announce its earnings results before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings data on Thursday, April 30th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $28.37 million during the quarter, compared to analyst estimates of $29.21 million. Silvercrest Asset Management Group had a net margin of 11.55% and a return on equity of 15.87%. On average, analysts expect Silvercrest Asset Management Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ:SAMG opened at $11.00 on Friday. The company has a market capitalization of $157.96 million, a price-to-earnings ratio of 8.41 and a beta of 0.76. The business’s 50-day moving average is $11.92 and its 200-day moving average is $11.06. Silvercrest Asset Management Group has a 1 year low of $6.21 and a 1 year high of $14.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 11th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Thursday, September 10th. Silvercrest Asset Management Group’s dividend payout ratio is 54.70%.

A number of research analysts recently weighed in on SAMG shares. Piper Sandler dropped their price target on Silvercrest Asset Management Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. TheStreet raised Silvercrest Asset Management Group from a “c” rating to a “b-” rating in a research note on Tuesday, June 16th. Finally, Zacks Investment Research raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.

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Earnings History for Silvercrest Asset Management Group (NASDAQ:SAMG)

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