AllianceBernstein Holding L.P. (NYSE:AB) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AB to report 3Q20 income of $ 0.68 per share.
For the full year, analysts anticipate top line of $ 2967.79 million, while looking forward to income of $ 2.67 per share bottom line.
Previous Quarter Performance
AllianceBernstein Holding L.P. recorded income for the second quarter of $ 0.61 per share, from the revenue of $ 871.45 million. The quarterly earnings raised 8.93 percent while revenues boosted 21.95 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.60 per share from $ 720.79 million in revenue. The bottom line results beat street analysts by $ 0.01 or 1.67 percent, at the same time, top line results outshined analysts by $ 150.66 million or 20.90 percent.
Stock Performance
Shares of AllianceBernstein Holding L.P. traded low $ -0.32 or -0.97 percent on Wednesday, reaching $ 32.64 with volume of 252.30 thousand shares. The stock opened positive for the day at $ 33.08, after closing the previous day trading at $ 32.96.
According to the previous trading day, closing price of $ 32.96, representing a 148.94 % increase from the 52 week low of $ 13.24 and a 8.6 % decrease over the 52 week high of $ 36.06.
The company has a market capital of $ 3.14 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
- On 21st September 2020, upgraded by Bank of America to Buy from Neutral rating.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.61 per share to holders of record as of the close of business on August 3, 2020, with payment date of August 20, 2020 and ex-dividend date on July 31, 2020.
Conference Call
AllianceBernstein Holding L.P. will be hosting a conference call at 8:00 AM eastern time on 22nd 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.alliancebernstein.com
AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients.
