Artisan Partners Asset Management (APAM) Projected to Post Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Artisan Partners Asset Management to post earnings of $0.97 per share and revenue of $293,500.00 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. 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 Trading Up 0.6 %

Shares of Artisan Partners Asset Management stock opened at $44.39 on Tuesday. Artisan Partners Asset Management has a twelve month low of $37.89 and a twelve month high of $49.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $45.08 and a 200-day moving average price of $43.58. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 12.37 and a beta of 1.80.

Wall Street Analysts Forecast Growth

APAM has been the topic of several recent research reports. TD Cowen upped their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered their price target on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.13.

About Artisan Partners Asset Management

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.