SEI Investments Company (NASDAQ:SEIC) asset management services provider, is reporting third quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.79 per share.
For the full year, analysts predict revenues of $ 1670.71 million, while looking forward to income of $ 3.00 per share.
Previous Quarter Performance
SEI Investments Company announced income for the second quarter of $ 0.68 per share, from the revenue of $ 400.65 million. The quarterly earnings dropped 17.07 percent while revenues dropped 2.82 percent compared with the same quarter last year. The top line results fell short of analysts by $ 0.36 million or 0.09 percent.
Stock Performance
Shares of SEI Investments Company traded up $ 0.46 or 0.82 percent on Tuesday, reaching $ 56.75 with volume of 500.10 thousand shares. SEI Investments Company has traded high as $ 57.42 and has cracked $ 56.40 on the downward trend
The closing price of $ 56.75, representing a 58.97 % increase from the 52 week low of $ 35.41 and a 19.14 % decrease over the 52 week high of $ 69.61.
The company has a market capital of $ 8.31 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by Morgan Stanley at Overweight rating, with $ 63.00 target price.
Conference Call
SEI Investments Company will be hosting a conference call at 4:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.seic.com
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries.
