BrightSphere Investment Group (BSIG) to Release Earnings on Thursday

BrightSphere Investment Group (NYSE:BSIG) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $104.72 million. BrightSphere Investment Group had a return on equity of 871.33% and a net margin of 15.00%. During the same quarter last year, the business posted $0.28 EPS. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BrightSphere Investment Group Stock Down 2.1 %

Shares of NYSE:BSIG opened at $25.63 on Thursday. BrightSphere Investment Group has a fifty-two week low of $15.23 and a fifty-two week high of $27.33. The firm’s 50 day moving average price is $24.52 and its 200 day moving average price is $23.50. The stock has a market cap of $950.10 million, a price-to-earnings ratio of 15.44 and a beta of 1.41.

BrightSphere Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, September 13th. BrightSphere Investment Group’s dividend payout ratio is presently 2.41%.

Wall Street Analyst Weigh In

BSIG has been the subject of a number of analyst reports. StockNews.com downgraded shares of BrightSphere Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Royal Bank of Canada upped their price objective on BrightSphere Investment Group from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, Morgan Stanley lowered BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Friday, October 18th.

About BrightSphere Investment Group

BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.