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

• Artisan Partners Asset Management Inc APAM reported quarterly adjusted earnings of 83 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of four analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 81 cents to 84 cents per share.

• Revenue rose 4.4% to $282.80 million from a year ago; analysts expected $282.95 million.

• The company reported quarterly net income of $67.6 million.

• Artisan Partners Asset Management Inc shares had risen by 4.5% this quarter and gained 8.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of 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 $44.50, about 2.7% below its last closing price of $45.72

This summary was machine generated from LSEG data July 30 at 12:30 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)