BrightSphere Investment Group (NYSE:BSIG - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect BrightSphere Investment Group to post earnings of $0.50 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
BrightSphere Investment Group (NYSE:BSIG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $109.00 million for the quarter, compared to analysts' expectations of $104.72 million. BrightSphere Investment Group had a net margin of 15.00% and a return on equity of 871.33%. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
BrightSphere Investment Group Stock Up 1.6 %
Shares of BrightSphere Investment Group stock traded up $0.41 during trading on Thursday, hitting $26.04. 181,302 shares of the stock traded hands, compared to its average volume of 261,979. The stock has a market cap of $965.12 million, a price-to-earnings ratio of 15.44 and a beta of 1.41. The firm's fifty day moving average is $24.58 and its 200-day moving average is $23.52. BrightSphere Investment Group has a 52 week low of $15.23 and a 52 week high of $27.33.
BrightSphere Investment Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.01 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. BrightSphere Investment Group's dividend payout ratio is 2.41%.
Analysts Set New Price Targets
Several research firms recently weighed in on BSIG. Royal Bank of Canada upped their price target on BrightSphere Investment Group from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. StockNews.com lowered BrightSphere Investment Group from a "buy" rating to a "hold" rating in a report on Monday, July 22nd. Finally, Morgan Stanley downgraded BrightSphere Investment Group from an "equal weight" rating to an "underweight" rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Friday, October 18th.
Read Our Latest Research Report on BrightSphere Investment Group
About BrightSphere Investment Group
(
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BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.
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