Artisan Partners Asset Management (APAM) Projected to Post Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $293.50 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company had revenue of $279.60 million for the quarter, compared to analysts' expectations of $279.70 million. During the same quarter in the previous year, the company posted $0.75 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts expect Artisan Partners Asset Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Artisan Partners Asset Management Trading Up 0.2 %

Artisan Partners Asset Management stock traded up $0.08 during midday trading on Friday, hitting $44.69. 308,383 shares of the stock were exchanged, compared to its average volume of 413,914. Artisan Partners Asset Management has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.45 and a beta of 1.80. The stock's 50-day simple moving average is $44.92 and its 200 day simple moving average is $43.61. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APAM. TD Cowen raised their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a "hold" rating in a report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating on the stock in a report on Thursday, October 3rd. StockNews.com upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Finally, Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $44.13.

About Artisan Partners Asset Management

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. funds, as well as mutual funds, non-U.S. funds and collective trusts.