Artisan Partners Asset Management Inc. (NYSE:APAM) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.86 per share.
Looking ahead, the full year income are expected at $ 3.15 per share on the revenues of $ 872.56 million.
Previous Quarter Performance
Artisan Partners Asset Management Inc. unveiled income for the second quarter of $ 0.71 per share, from the revenue of $ 203.00 million. The quarterly earnings escalated 5.97 percent compared with the same quarter last year. Street analysts expected Artisan Partners Asset Management Inc. to report income of $ 0.61 per share on revenue of $ 192.01 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 16.39 percent, at the same time, top line results outshined analysts by $ 10.99 million or 5.72 percent.
Stock Performance
Shares of Artisan Partners Asset Management Inc. traded low $ -0.15 or -0.35 percent on Friday, reaching $ 43.25 with volume of 397.90 thousand shares. Artisan Partners Asset Management Inc. has traded high as $ 43.69 and has cracked $ 42.84 on the downward trend
According to the previous trading day, closing price of $ 43.25, representing a 145.34 % increase from the 52 week low of $ 17.69 and a 6.95 % decrease over the 52 week high of $ 46.64.
The company has a market capital of $ 3.40 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Keefe, Bruyette & Woods to Market Perform from Outperform rating
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.
