OM Asset Management PLC (NYSE:OMAM) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect OM Asset Management PLC to post earnings of $0.39 per share for the quarter.
OM Asset Management PLC (NYSE:OMAM) last announced its earnings results on Thursday, August 3rd. The asset manager reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $218.80 million during the quarter, compared to analyst estimates of $211.67 million. OM Asset Management PLC had a net margin of 12.12% and a return on equity of 95.51%. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, analysts expect OM Asset Management PLC to post $1.56 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Shares of OM Asset Management PLC (OMAM) opened at 15.42 on Tuesday. The firm’s 50-day moving average is $14.75 and its 200-day moving average is $14.62. OM Asset Management PLC has a 52 week low of $12.10 and a 52 week high of $16.01. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.49 and a beta of 1.74.
In other OM Asset Management PLC news, Director Robert J. Chersi bought 7,500 shares of OM Asset Management PLC stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $13.48 per share, with a total value of $101,100.00. Following the completion of the acquisition, the director now directly owns 12,971 shares in the company, valued at approximately $174,849.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter L. Bain sold 273,885 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $14.21, for a total transaction of $3,891,905.85. Following the transaction, the chief executive officer now directly owns 596,862 shares of the company’s stock, valued at approximately $8,481,409.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 720,602 shares of company stock valued at $10,229,584. 1.48% of the stock is currently owned by corporate insiders.
OMAM has been the subject of several research reports. BidaskClub downgraded shares of OM Asset Management PLC from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. ValuEngine downgraded shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Royal Bank Of Canada set a $18.00 price objective on shares of OM Asset Management PLC and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.50 price objective on shares of OM Asset Management PLC in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.70.
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About OM Asset Management PLC
OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.
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