Ridgepost Capital Q2 revenue, profit beat estimates
Ridgepost Capital Q2 revenue, profit beat estimates
Overview
US private markets provider's Q2 revenue rose slightly yr/yr
Adjusted EPS for Q2 beat analyst expectations
Company completed Stellus acquisition, expanding investment capabilities
Outlook
Company says expanding investment capabilities and fee-based model support future growth
Result Drivers
FEE-BASED MODEL - Co said durability of its fee-based model supported Q2 results
AUM GROWTH - Co cited surpassing $50 bln in AUM and nearly $35 bln in fee-paying AUM as milestones for the quarter
ACQUISITION IMPACT - Completion of Stellus acquisition broadened investment capabilities and opportunity set
Company press release: ID:nGNX1ZsW4h
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | $80.90 mln | $80.80 mln (2 Analysts) |
Q2 Adjusted EPS | Beat | $0.24 | $0.23 (4 Analysts) |
Q2 Dividend |
| $0.04 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 "buy"
Wall Street's median 12-month price target for Ridgepost Capital Inc is $12.00, about 32.7% above its August 4 closing price of $9.04
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Ridgepost Capital
See all newsRidgepost Capital Inc reports results for the quarter ended June 30 - Earnings Summary
Ridgepost Capital Q2 revenue, profit beat estimates
Ridgepost Capital Inc expected to post earnings of 23 cents a share - Earnings Preview
Brief: Ridgepost Capital Announces Appointment Of Director Of Operations And Expansion Of Global Client Solutions Team
Brief: Stellus Capital Management Announces Final Close Of Stellus Credit Fund IV