Analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to report $0.77 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.76. Artisan Partners Asset Management reported earnings per share of $0.65 in the same quarter last year, which indicates a positive year over year growth rate of 18.5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 30th.

On average, analysts expect that Artisan Partners Asset Management will report full-year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $3.02 to $3.08. For the next fiscal year, analysts expect that the business will report earnings of $3.16 per share, with EPS estimates ranging from $2.87 to $3.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, July 31st. The asset manager reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Artisan Partners Asset Management had a return on equity of 181.69% and a net margin of 10.30%. The company had revenue of $212.30 million for the quarter, compared to analyst estimates of $208.46 million. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.

APAM has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price objective on shares of Artisan Partners Asset Management in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, July 11th. ValuEngine lowered Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Finally, Bank of America lifted their price objective on Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $37.25.

NYSE APAM traded down $0.28 during trading on Thursday, hitting $28.19. 8,541 shares of the company traded hands, compared to its average volume of 383,795. Artisan Partners Asset Management has a 12 month low of $28.12 and a 12 month high of $41.45. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $2.18 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.84 and a beta of 1.73.

A number of institutional investors and hedge funds have recently modified their holdings of APAM. Clarkston Capital Partners LLC bought a new position in Artisan Partners Asset Management during the third quarter valued at about $21,303,000. BlackRock Inc. boosted its holdings in Artisan Partners Asset Management by 12.8% during the second quarter. BlackRock Inc. now owns 3,304,205 shares of the asset manager’s stock valued at $99,621,000 after purchasing an additional 376,142 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Artisan Partners Asset Management by 66.2% during the second quarter. Epoch Investment Partners Inc. now owns 887,619 shares of the asset manager’s stock valued at $26,762,000 after purchasing an additional 353,647 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Artisan Partners Asset Management during the second quarter valued at approximately $8,913,000. Finally, Royce & Associates LP boosted its holdings in Artisan Partners Asset Management by 30.8% during the second quarter. Royce & Associates LP now owns 1,176,525 shares of the asset manager’s stock valued at $35,472,000 after purchasing an additional 276,800 shares in the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.

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.

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Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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