Affiliated Managers Group (NYSE:AMG – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.500-4.600 for the period, compared to the consensus earnings per share estimate of 4.860. The company issued revenue guidance of -.
Affiliated Managers Group Stock Up 0.4 %
AMG opened at $157.33 on Friday. The stock has a market cap of $5.11 billion, a PE ratio of 9.07, a PEG ratio of 0.56 and a beta of 1.31. The business has a 50 day moving average of $161.53 and a 200-day moving average of $150.10. Affiliated Managers Group has a 52 week low of $120.22 and a 52 week high of $169.65.
Affiliated Managers Group (NYSE:AMG – Get Free Report) last released its earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. The company had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $524.53 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. During the same quarter last year, the business posted $4.18 EPS. Equities analysts anticipate that Affiliated Managers Group will post 22.03 EPS for the current year.
Affiliated Managers Group Dividend Announcement
Analyst Ratings Changes
AMG has been the subject of a number of analyst reports. TD Cowen reduced their price objective on Affiliated Managers Group from $218.00 to $198.00 and set a buy rating for the company in a research report on Tuesday. Barrington Research reissued an outperform rating and issued a $190.00 target price on shares of Affiliated Managers Group in a report on Tuesday.
Check Out Our Latest Report on Affiliated Managers Group
About Affiliated Managers Group
Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.
Further Reading
- Five stocks we like better than Affiliated Managers Group
- What is the S&P/TSX Index?
- Will the Surge in GameStop Stock Spark a New Meme Craze?
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Stocks Nancy Pelosi Has Been Buying
- What Does Downgrade Mean in Investing?
- Will the Biotech Sector Shift From Lagger to Leader?
Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.