Brokerages expect Brightsphere Investment Group PLC (NYSE:BSIG) to post $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Brightsphere Investment Group’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.45. Brightsphere Investment Group posted earnings of $0.43 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The company is expected to announce its next earnings results before the market opens on Thursday, February 6th.
On average, analysts expect that Brightsphere Investment Group will report full-year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.72. For the next year, analysts forecast that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.79 to $1.81. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Brightsphere Investment Group.
Brightsphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $197.80 million for the quarter, compared to analysts’ expectations of $205.68 million. Brightsphere Investment Group had a return on equity of 228.89% and a net margin of 21.67%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS.
A number of research firms have weighed in on BSIG. Zacks Investment Research raised shares of Brightsphere Investment Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, January 9th. Wells Fargo & Co downgraded shares of Brightsphere Investment Group from an “overweight” rating to an “equal weight” rating and set a $11.00 price target on the stock. in a research note on Thursday, January 2nd. Finally, Evercore ISI reaffirmed a “hold” rating and set a $11.00 price target on shares of Brightsphere Investment Group in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Brightsphere Investment Group presently has an average rating of “Hold” and an average price target of $12.79.
In other Brightsphere Investment Group news, CEO Guang Yang bought 50,001 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $10.07 per share, with a total value of $503,510.07. Following the purchase, the chief executive officer now owns 50,001 shares in the company, valued at approximately $503,510.07. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 24.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of Brightsphere Investment Group in the 3rd quarter valued at $52,000. Bank of Montreal Can purchased a new stake in Brightsphere Investment Group during the 2nd quarter worth $67,000. Virginia Retirement Systems ET AL purchased a new stake in Brightsphere Investment Group during the 3rd quarter worth $145,000. Jefferies Group LLC increased its stake in Brightsphere Investment Group by 51.8% during the 2nd quarter. Jefferies Group LLC now owns 15,836 shares of the company’s stock worth $181,000 after buying an additional 5,403 shares during the period. Finally, AMP Capital Investors Ltd purchased a new stake in Brightsphere Investment Group during the 2nd quarter worth $268,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.
NYSE:BSIG opened at $9.27 on Friday. The company has a market cap of $818.02 million, a P/E ratio of 4.85, a P/E/G ratio of 1.10 and a beta of 1.82. Brightsphere Investment Group has a fifty-two week low of $8.40 and a fifty-two week high of $14.87. The firm’s 50 day moving average is $10.01 and its two-hundred day moving average is $9.86.
Brightsphere Investment Group Company Profile
BrightSphere Investment Group plc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.
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