Affiliated Managers Group, Inc. (NYSE:AMG) is trading up 23.54% versus 12-month low of 115.97 and stands -20.34% lower from its 1-year peak of $179.85. The consensus price target (PT) of $187.50 means that the market expects Company shares to increase by 30.7% in the short run. The sell-side target prices range from $160 to $201. In the last month the stock has moved in price -11.22%, with a one year change of 5.47%. The last trading session volume compares with the 578.58K average and market worth floats around 7.87B.
Affiliated Managers Group, Inc. (NYSE:AMG) fell -0.11% to reach at the trading price of $143.27 as it is set to release its next quarterly earnings report on February 07, 2017. Affiliated Managers Group, Inc. stock trades in the range of $142.53 to $144.16 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $3.75 a share with $569.32M in revenue.
Affiliated Managers Group, Inc. (AMG) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Affiliated Managers Group, Inc. to earn $3.35 per share (EPS) on revenue of $582.82M. The EPS consensus range is $3.22-$3.52 on revenue between $658.73M and $550.15M.
While if we look at the Earnings Track Record, Affiliated Managers Group, Inc. (AMG) managed to surpass quarterly earnings per share estimates in 10 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 83%. Last time the company reported, Affiliated Managers Group, Inc. (AMG) generated $3.02 in earnings per share, beating the consensus estimate of $3.00. Revenues hit $544.7M in the September 2017 quarter, which was below the consensus $565.44M projection. On the other hand, in the June 2017 quarter the company recorded a net $554.1M revenue with earnings per share of $3.06. Wall Street had anticipated $563.87M and $3.01, respectively. For comparison, there was a revenue of $545.4M and EPS of $2.94 in the March 2016 period.
Affiliated Managers Group, Inc. (NYSE:AMG) Analyst Insights
The buoyancy in the outlook of Affiliated Managers Group, Inc. (AMG) is getting stronger by the somewhat negative sentiment (1.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Citigroup has been covering shares of AMG, so it is most recent view is worth a look. In a research note issued on Nov 04, 2016, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Apr 25, 2016. Citigroup Analysts lifted the stock to Buy from Neutral.