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Affiliated Managers Group (AMG)
NYSE:AMG
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$6.02Last Year’s EPS
$6.86Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -5.81%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in alternative strategies and economic earnings growth, with significant capital raised and positive flows in liquid alternatives. However, the business faced challenges with net client cash outflows and a decline in performance fees. Despite these challenges, the strategic positioning and growth in new capital indicate a positive outlook.Company Guidance
During the AMG Q3 2024 earnings call, the company provided robust guidance, highlighting a projected adjusted EBITDA for Q4 between $260 million and $270 million, influenced by current AUM levels and expected performance fee earnings of approximately $50 million. Economic earnings per share for the fourth quarter are anticipated to range from $5.94 to $6.17, assuming an adjusted weighted average share count of 31.3 million shares. The firm recorded an 18% growth in economic earnings per share for the third quarter, driven by their strategic focus on secular growth areas like alternative strategies, which generated approximately half of their EBITDA. AMG's affiliates now manage over $265 billion in client assets, with private markets and liquid alternatives contributing significantly to their financial outcomes. Additionally, the company's share repurchase program is set to reach approximately $700 million for 2024, reflecting their disciplined capital allocation strategy amidst expanding investment opportunities.Strong Growth in Economic Earnings Per Share
AMG delivered an 18% growth in economic earnings per share, reflecting robust business momentum and capital allocation strategy.
Significant Capital Raised in Alternative Strategies
Raised $7 billion in new capital across affiliates like Pantheon, Forbion, EIG, Peppertree, and Comvest, reflecting strong demand for private market strategies.
Positive Flows in Liquid Alternative Strategies
Liquid alternative strategies generated positive flows, with organic growth opportunities, particularly at AQR.
Record High Assets Under Management
AMG's client assets in alternative strategies exceed $265 billion, with $7 billion in net inflows in the quarter from private markets.
Substantial Share Repurchases
Repurchased $103 million in shares in Q3, with an expectation to repurchase approximately $700 million for the full year 2024.
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AMG 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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AMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $193.80 | $177.05 | -8.64% |
| Jul 29, 2024 | $177.00 | $183.88 | +3.89% |
| May 06, 2024 | $160.32 | $157.20 | -1.95% |
| Feb 05, 2024 | $149.62 | $156.87 | +4.85% |
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 Affiliated Managers Group (AMG) report earnings?
Affiliated Managers Group (AMG) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Affiliated Managers Group (AMG) earnings time?
Affiliated Managers Group (AMG) earnings time is at Feb 10, 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 AMG EPS forecast?
AMG EPS forecast for the fiscal quarter 2024 (Q4) is $6.02.
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