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Patria Investments Ltd. (PAX)
:PAX
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.47Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 20, 2021
|% Change Since: -0.43%
|Next Earnings Date:Mar 18, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong fundraising, significant growth in management fees, and successful expansion in various segments, despite some challenges like unrealized performance fees and increased expenses.Company Guidance
During the third quarter of 2024, Patria reported robust fundraising of over $2 billion, bringing the year-to-date total to more than $4.2 billion, with a strong likelihood of exceeding their $5 billion target for the year. Management fees increased by 26% year-over-year to approximately $78 million, while Fee Related Earnings (FRE) grew by nearly 13% to almost $41 million. The company's Fee Related Earnings per share rose by more than 65% since 2021, reaching $0.26, while distributable earnings were close to $35 million, or $0.23 per share. Although no performance fees were realized in the quarter, the Net Accrued Performance fee balance was $455 million, or $2.97 per share. Patria's fee-earning Assets Under Management (AUM) reached almost $34 billion, marking a 9% sequential increase and a 58% year-over-year growth. The company remains confident in achieving its FRE targets of $170 million for 2024 and $200 million to $225 million for 2025, with FRE margins expected to improve to between 58% and 60% by the end of 2025. Additionally, the firm declared a $0.15 per share dividend for the quarter.Robust Fundraising
Patria raised over $4.2 billion year-to-date by the end of Q3 2024, with more than $5.6 billion raised over the last 12 months, putting them on track to meet or exceed the $5 billion fundraising target for 2024.
Management Fee and Earnings Growth
Management fees increased to approximately $78 million for the quarter, up 26% year-over-year, while Fee Related Earnings (FRE) reached almost $41 million, representing year-over-year growth of close to 13%.
Fee Earning AUM Growth
Fee earning AUM rose 9% sequentially and 58% year-over-year, reaching almost $34 billion, driven by strong fundraising and acquisitions.
Expansion in Real Estate Platform
Real Estate Fee Earning AUM grew to over $6 billion, approximately 90% of which is permanent capital, following acquisitions and organic growth.
Successful Credit Segment Performance
Credit fee earning AUM reached $6.5 billion, up 43% since the end of 2022, backed by strong organic net inflows and market appreciation.
Diversification in Fundraising
About 40% of fundraising year-to-date came from local investors within Latin America, investing in local products managed by Patria.
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PAX 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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PAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $11.70 | $11.70 | 0.00% |
| Aug 01, 2024 | $12.68 | $11.69 | -7.81% |
| May 02, 2024 | $12.88 | $12.23 | -5.05% |
| Feb 15, 2024 | $13.42 | $13.92 | +3.73% |
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 Patria Investments Ltd. (PAX) report earnings?
Patria Investments Ltd. (PAX) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Patria Investments Ltd. (PAX) earnings time?
Patria Investments Ltd. (PAX) earnings time is at Feb 12, 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 PAX EPS forecast?
PAX EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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