Artisan Partners Asset Management (APAM) Set to Announce Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM) will be announcing its earnings results after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The company had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $270.90 million. During the same period last year, the firm earned $0.64 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect Artisan Partners Asset Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Artisan Partners Asset Management Price Performance

APAM stock opened at $42.09 on Monday. The firm’s 50-day moving average price is $42.40 and its two-hundred day moving average price is $42.85. Artisan Partners Asset Management has a 12-month low of $32.12 and a 12-month high of $46.75. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 12.83 and a beta of 1.81. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is 74.39%.

Analyst Ratings Changes

Separately, TD Cowen dropped their price target on Artisan Partners Asset Management from $42.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, July 8th.

Artisan Partners Asset Management Company Profile

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.