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AMG Affiliated Managers News Story

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Affiliated Managers Group Inc reports results for the quarter ended June 30 - Earnings Summary

Affiliated Managers Group Inc AMG.N reported quarterly adjusted earnings of $5.39​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $4.67.  The mean expectation of six analysts for the quarter was for earnings of $5.29 per share. Wall Street expected results to range from $5.20  to $5.40 per share.

Revenue fell 1.4% to $493.20 million from a year ago; analysts expected $508.97 million.

Affiliated Managers Group Inc's reported EPS for the quarter was $2.80​.

The company reported quarterly net income of $84.3 million.

Affiliated Managers Group Inc shares had risen by 7.0% this quarter and gained 13.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 5.4% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Affiliated Managers Group Inc is $221.00, about 4.7% above its last closing price of $210.53

This summary was machine generated from LSEG data July 31 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20255.295.39Beat
Mar. 31 20255.105.20Beat
Dec. 31 20246.025.72Missed
Sep. 30 20244.844.82Missed

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