Affiliated Managers Group, Inc. (NYSE:AMG) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Call Transcript November 4, 2024 Affiliated Managers Group, Inc. misses on earnings expectations. Reported EPS is $3.51 EPS, expectations were $4.84. Operator: Greetings, and welcome to the AMG Third Quarter 2024 Earnings Call.
Affiliated Managers Group Reports Strong Q3 2024 Results
Affiliated Managers Group ( (AMG) ) has released its Q3 earnings. Here is a breakdown of the information Affiliated Managers Group presented to
Affiliated Managers' Q3 Earnings Meet Estimates, AUM Balance Improves
A higher AUM balance supports AMG's Q3 earnings. On the other hand, a decline in revenues and an increase in expenses act as spoilsports.
Affiliated Managers stock tanks after Q3 earnings disappoint
Affiliated Managers Group (NYSE:AMG) stock tumbled 8.5% in late morning trading on Monday after the investment firm's Q3 earnings fell short of the Wall Street consensus. Q3 economic EPS of $4.82, trailing the average analyst estimate of $4.
Affiliated Managers: Q3 Earnings Snapshot
WEST PALM BEACH, Fla. — WEST PALM BEACH, Fla. — Affiliated Managers Group Inc. (AMG) on Monday reported third-quarter net income of $123.6 million. On a per-share basis, the West Palm Beach, Florida-based company said it had net income of $3.78. Earnings, adjusted for non-recurring costs, came to $4.82 per share.
Sequans: Q3 Earnings Snapshot
COLOMBES, France (AP) — COLOMBES, France (AP) — Sequans Communications SA (SQNS) on Tuesday reported net income of $72.3 million in its third quarter. The Colombes, France-based company said it had profit of $2.61 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.91 per share. The chip company posted revenue of $10.1 million in the period.
UFP: Q3 Earnings Snapshot
UFP Technologies Inc. (UFPT)
New York Times: Q3 Earnings Snapshot
The New York Times Co. (NYT) on Monday reported net income of $64.1 million in its third quarter. The New York-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs,
Ferrari: Q3 Earnings Snapshot
The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share. The luxury sports car maker posted revenue of $1.81 billion in the period, which also topped Street forecasts.
Bruker: Q3 Earnings Snapshot
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share. The scientific equipment maker posted revenue of $864.4 million in the period, also missing Street forecasts.
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TD Cowen Downgrades Affiliated Managers Group, Inc. - Corporate Bond (MGRE)
Fintel reports that on November 5, 2024, TD Cowen downgraded their outlook for Affiliated Managers Group, Inc. - Corporate ...
Affiliated Managers price target lowered to $204 from $219 at Deutsche Bank
Deutsche Bank lowered the firm’s price target on Affiliated Managers (AMG) to $204 from $219 and keeps a Buy rating on the shares ...
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Affiliated Managers Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$516.4m (down 1.7% from 3Q 2023). Net income: US$123.6m (down 43% from 3Q 2023). Profit margin: 24% (down from 41% ...
Assenagon Asset Management S.A. Raises Stake in Affiliated Managers Group, Inc. (NYSE:AMG)
Assenagon Asset Management S.A. raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) by 43.2% ...
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What's in the Cards for Affiliated Managers in Q3 Earnings?
Affiliated Managers Group Inc. AMG is slated to announce third-quarter 2024 results on Nov. 4, before the opening bell. Its earnings are expected to have increased year-over-year, while revenues ...