Affiliated Managers Group (NYSE:AMG – Get Free Report) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $4.50-$4.60 for the period, compared to the consensus EPS estimate of $4.86.
Affiliated Managers Group Stock Performance
NYSE:AMG opened at $160.35 on Monday. Affiliated Managers Group has a 52 week low of $120.22 and a 52 week high of $169.65. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.56 and a beta of 1.31. The firm’s 50-day simple moving average is $161.52 and its 200 day simple moving average is $149.55.
Affiliated Managers Group (NYSE:AMG – Get Free Report) last released its earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, beating the consensus estimate of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The firm had revenue of $502.70 million for the quarter, compared to analyst estimates of $524.98 million. During the same period last year, the firm earned $7.28 EPS. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Affiliated Managers Group will post 22.03 EPS for the current year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on AMG
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.
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