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AMP Limited (AMLTF)
OTHER OTC:AMLTF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.02Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 07, 2024
|% Change Since: 28.68%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements and challenges. While the company experienced significant cost reductions, NPAT growth, and successful capital returns, there were challenges such as revenue decline and losses in the bank and Advice business. The transformation in the Advice business with new partnerships was a notable positive move.Company Guidance
In the Q2 2024 earnings call for AMP Limited (AMP.AX), several key financial metrics and strategic initiatives were discussed. AMP reported a net profit after tax (NPAT) increase of 5.4% to $118 million, attributed to better-performing business segments. Cost management was a highlight, with costs down by nearly 6.5%, aligning with their target to deliver $690 million in savings by the year's end, although adjustments are expected. The company announced a $0.02 per share dividend, 20% franked, as part of a broader capital return strategy, having returned $963 million for buyback and planning to complete $1.1 billion by year-end. AMP is also focusing on reducing debt to maintain credit ratings. A transformational transaction was announced for the AMP Advice business, expected to complete by the end of the year, with an anticipated accounting loss on sale of about $30 million. The company remains committed to strategic pillars focusing on performance, efficiency, and new revenue opportunities, particularly in the retirement space, while navigating a competitive banking environment with a focus on margin management.Strong NPAT Growth
NPAT increased by 5.4% to $118 million, reflecting better-performing businesses.
Cost Reduction Achievement
Controllable costs decreased by 6.4% to $339 million, showing progress on the business simplification program.
Successful Capital Return
Announced a $0.02 per share dividend, 20% franked, and completed $963 million in capital return through buybacks.
Platforms and Superannuation Growth
Platforms NPAT up 22% to $54 million, with net cash flows up over 56% compared to 1H '23.
Transformation in Advice Business
Announced a partnership with Entireti and AZ NGA, expected to finalize by the end of the year.
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AMLTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMLTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 07, 2024 | $0.73 | $0.83 | +13.70% |
| Feb 13, 2024 | $0.60 | $0.68 | +13.33% |
| Aug 08, 2023 | $0.67 | $0.68 | +1.49% |
| Feb 15, 2023 | $0.83 | $0.72 | -13.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AMP Limited (AMLTF) report earnings?
AMP Limited (AMLTF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is AMP Limited (AMLTF) earnings time?
AMP Limited (AMLTF) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMLTF EPS forecast?
AMLTF EPS forecast for the fiscal quarter 2024 (Q4) is $0.03.
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