Artisan Partners Asset Management (APAM) to Release Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Artisan Partners Asset Management had a net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million for the quarter, compared to analysts' expectations of $274.70 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The business's quarterly revenue was up 11.5% 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 Down 2.8 %

Shares of NYSE:APAM traded down $1.29 on Tuesday, reaching $44.12. 540,476 shares of the company traded hands, compared to its average volume of 446,100. Artisan Partners Asset Management has a 52 week low of $32.12 and a 52 week high of $47.08. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The business's 50-day simple moving average is $42.15 and its 200 day simple moving average is $42.27. The stock has a market capitalization of $3.55 billion, a P/E ratio of 13.45 and a beta of 1.79.

Analyst Upgrades and Downgrades

APAM has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. The Goldman Sachs Group dropped their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada restated an "outperform" rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Finally, StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.83.

Artisan Partners Asset Management Company Profile

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.