FY2018 EPS Estimates for Ashmore Group Decreased by Jefferies Group (AJMPF)

Ashmore Group (OTCMKTS:AJMPF) – Equities researchers at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for Ashmore Group in a report issued on Monday. Jefferies Group analyst P. Dobbin now forecasts that the financial services provider will post earnings per share of $0.24 for the year, down from their previous forecast of $0.26. Jefferies Group also issued estimates for Ashmore Group’s FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.30 EPS.

AJMPF has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of Ashmore Group from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Ashmore Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Numis Securities lowered shares of Ashmore Group from a “hold” rating to a “reduce” rating in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Shares of Ashmore Group (AJMPF) traded up $0.33 during mid-day trading on Thursday, hitting $5.83. 31,000 shares of the stock were exchanged, compared to its average volume of 10,966. Ashmore Group has a twelve month low of $3.35 and a twelve month high of $5.83.

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About Ashmore Group

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.

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