Artisan Partners Asset Management Inc reports results for the quarter ended September 30 - Earnings Summary

• Artisan Partners Asset Management Inc APAM.N reported quarterly adjusted earnings of $1.03​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.02. The mean expectation of four analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 92 cents to 98 cents per share.

• Revenue rose 3.7% to $312.50 million from a year ago; analysts expected $309.95 million.

• Artisan Partners Asset Management Inc's reported EPS for the quarter was $1.04​.

• The company reported quarterly net income of $75.2 million.

• Artisan Partners Asset Management Inc shares had fallen by 7.7% this quarter and lost 17.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

• In the last 30 days, two 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 "buy."

• Wall Street's median 12-month price target for Artisan Partners Asset Management Inc is $34.50, about 3.8% above its last closing price of $33.20

This summary was machine generated from LSEG data October 27 at 09:36 p.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)