Investors should closely monitor APAM’s upcoming financial reports and market trends to make informed decisions. However, the company’s positive earnings growth projections and favorable financial ratios suggest a potential for future growth and investment opportunities. Overall, APAM’s stock performance on August 1, 2023, indicated a slight decline. In the previous year, APAM generated an annual revenue of $983.4 million and a profit of $184.0 million, resulting in a net profit margin of 18.71%.
Analysts forecast an earnings per share (EPS) of $0.73 for this quarter. Looking ahead, APAM’s next reporting date is scheduled for August 2, 2023. While no executives were listed, APAM’s corporate headquarters remains in the aforementioned location. The company is headquartered in Milwaukee, Wisconsin. The price-to-book ratio is 10.66, implying that the stock is trading at a premium compared to its book value.ĪPAM operates in the finance sector, specifically in the investment managers industry. The price-to-sales ratio is 1.89, which indicates that investors are willing to pay $1.89 for every dollar of sales generated by APAM. The price-to-earnings (P/E) ratio is 14.9, suggesting that the stock is relatively undervalued. Despite this, the company’s financial ratios indicate a positive outlook. The revenue growth for APAM in the previous year was negative, with a decline of 21.16%. Looking ahead, the next five years are expected to bring a positive earnings growth of 24.60%.
However, the company is projected to improve its earnings growth this year, with a decrease of only 5.55%. In terms of earnings growth, APAM has faced challenges in the past year, with a decline of 42.22%. The market capitalization of APAM stands at $3.3 billion. The total volume of shares traded was 1,286,590, which is higher than the average volume of 782,961 over the past three months. Throughout the day, the stock experienced a trading range between $40.99 and $41.57.
On August 1, 2023, shares of APAM (Artisan Partners Asset Management Inc.) opened at $41.34, slightly lower than the previous day’s closing price of $41.49. Overall, Artisan Partners Asset Management’s Q2 earnings report showcases a strong performance, demonstrating their ability to outperform expectations in both earnings and sales.Īnalyst Ratings There are no analysts data to display APAM (Artisan Partners Asset Management Inc.) Stock Performance and Growth Projections: AugAnalysis
Nevertheless, this represents a slight decrease of 3.38 percent compared to the sales of $251.40 million achieved during the same period in the previous year. In addition to the exceptional earnings, Artisan Partners Asset Management also disclosed quarterly sales of $242.90 million, outperforming the analyst consensus estimate of $236.08 million by 2.89 percent. However, it is worth noting that this figure reflects a 10.13 percent decline compared to the earnings of $0.79 per share recorded during the same period last year. The company exceeded analysts’ expectations by reporting quarterly earnings of $0.71 per share, surpassing the consensus estimate of $0.61 by an impressive 16.39 percent. On August 1, 2023, Artisan Partners Asset Management (NYSE: APAM) unveiled its Q2 earnings, revealing a remarkable performance.
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