JMP Group LLC (JMP) Set to Announce Quarterly Earnings on Wednesday
JMP Group LLC (NYSE:JMP) will be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
JMP Group (NYSE:JMP) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.52%. The business had revenue of $23.14 million for the quarter, compared to analyst estimates of $25.20 million. On average, analysts expect JMP Group to post $0.32 EPS for the current fiscal year and $0.45 EPS for the next fiscal year.
JMP Group LLC (NYSE:JMP) traded down 1.770% during midday trading on Tuesday, hitting $5.383. 15,874 shares of the company traded hands. JMP Group LLC has a 12-month low of $5.20 and a 12-month high of $7.70. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $5.49. The stock’s market cap is $115.93 million.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, October 30th. JMP Group’s payout ratio is currently -66.67%.
A number of research analysts recently issued reports on JMP shares. Zacks Investment Research raised JMP Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Keefe, Bruyette & Woods started coverage on JMP Group in a research report on Monday, October 16th. They issued a “mkt perform” rating and a $5.75 price target for the company.
In related news, Director Glenn H. Tongue purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the transaction, the director now directly owns 155,652 shares of the company’s stock, valued at approximately $842,077.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.11% of the company’s stock.
About JMP Group
JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
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