Artisan Partners Asset Management Inc reports results for the quarter ended December 31 - Earnings Summary

• Artisan Partners Asset Management Inc APAM.N reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of four analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 91 cents to 98 cents per share.

• Revenue rose 19.3% to $297.00 million from a year ago; analysts expected $292.70 million.

• The company reported quarterly net income of $69.7 million.

• Artisan Partners Asset Management Inc shares had risen by 1.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Artisan Partners Asset Management Inc is $41.00

This summary was machine generated from LSEG data February 5 at 12:43 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)