ReutersReuters

Asset manager Janus Henderson Q2 revenue beats estimates, AUM up 27%

RefinitivMeno di 1 minuto di lettura

Overview

  • Janus Henderson Q2 revenue beats analyst expectations, adjusted EPS also exceeds estimates

  • Company's AUM increased 27% yr/yr, driven by strategic partnership with Guardian

  • Returned $113 mln to shareholders via dividends and buybacks in Q2

Result Drivers

  • AUM GROWTH - AUM increased by 27% yr/yr to $457 bln, driven by strategic partnership with Guardian

  • POSITIVE NET INFLOWS - Net inflows of $46.7 bln, marking fifth consecutive quarter of positive flows

  • INVESTMENT PERFORMANCE - Solid investment performance with majority of AUM outperforming benchmarks

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$633.20 mln

$624.40 mln (2 Analysts)

Q2 Adjusted EPS

Beat

$0.9

$0.83 (7 Analysts)

Q2 EPS

$0.95

Q2 EBIT Margin

25.9%

Q2 Operating Expenses

$469.40 mln

Q2 Operating Income

$163.80 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "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 Janus Henderson Group PLC is $42.00, about 2.7% below its July 30 closing price of $43.15

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

Accedi o crea un account gratuito per leggere queste notizie