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AMG — Affiliated Managers News Story

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Affiliated Managers Group Inc reports results for the quarter ended March 31 - Earnings Summary

Affiliated Managers Group Inc AMG.N reported quarterly adjusted earnings of $5.20​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $5.37.  The mean expectation of six analysts for the quarter was for earnings of $5.10 per share. Wall Street expected results to range from $4.98  to $5.21 per share.

Revenue fell 0.7% to $496.60 million from a year ago; analysts expected $503.91 million.

Affiliated Managers Group Inc's reported EPS for the quarter was $2.20​.

The company reported quarterly net income of $72.4 million.

Affiliated Managers Group Inc shares had risen by 4.3% this quarter and lost 5.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 $189.00

This summary was machine generated from LSEG data May 8 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
Mar. 31 20255.105.20Beat
Dec. 31 20246.025.72Missed
Sep. 30 20244.844.82Missed
Jun. 30 20244.614.67Beat

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