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AGF Management B NV (TSE:AGF.B)
TSX:AGF.B
Holding TSE:AGF.B?
Track your performance easily
Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.51Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2019
|% Change Since: 3.30%
|Next Earnings Date:Sep 26, 2018
Earnings Call Sentiment|Positive
AGF Management Limited had a strong year with significant growth in AUM, adjusted EBITDA, and EPS. Strategic investments were made to enhance future growth. However, SG&A expenses exceeded guidance, and mutual fund sales were flat at the beginning of the next fiscal year. Overall, the positives outweigh the negatives, indicating robust company performance and strategic direction.Company Guidance
During AGF Management Limited's Fourth Quarter 2024 earnings call, guidance was provided that highlighted significant growth and strong financial performance. The company reported a robust 27% increase in assets under management (AUM) and fee-earning assets, totaling approximately $54 billion. Net sales for Canadian retail mutual funds were reported at $14 million for the quarter, marking a second consecutive quarter of positive net sales. AGF's adjusted EBITDA for the year was $166 million, a 26% increase from the previous year, while adjusted diluted EPS reached $1.67, up 25% year-over-year. The company maintained a strong capital position with $38 million in net cash and $235 million available on its credit facility. Additionally, AGF's mutual fund AUM grew by 25% year-over-year, and its ETF and SMA AUM saw a 73% increase, demonstrating strong investment performance and distribution channel penetration. The guidance also emphasized a focus on maintaining sales momentum, building a diversified private capital and alternatives business, and adhering to core expense guidance while investing in key growth areas for 2025.Significant Growth in AUM
AGF Management Limited concluded the year with approximately $54 billion in AUM and fee-earning assets, a 27% increase from the previous year.
Record Adjusted EBITDA and EPS
Adjusted EBITDA for the year was $166 million, 26% higher than the prior year. Adjusted diluted EPS was $1.67 for the full year, a 25% increase compared to the prior year.
Strong Performance in ETF and SMA Segments
ETF and SMA AUM increased by 73% year-over-year, showing consistent growth and momentum in these segments across the U.S., Canada, and Asia.
Strategic Investments and Strong Financial Position
AGF made strategic investments in New Holland Capital and acquired a 51% stake in Kensington Capital Partners. The company maintained a strong financial position with net cash of $38 million and $235 million available on its credit facility.
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TSE:AGF.B 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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TSE:AGF.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | C$10.92 | C$11.20 | +2.56% |
| Sep 25, 2024 | C$8.41 | C$8.12 | -3.45% |
| Jun 26, 2024 | C$8.40 | C$7.69 | -8.45% |
| Apr 04, 2024 | C$8.02 | C$8.20 | +2.24% |
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 AGF Management B NV (TSE:AGF.B) report earnings?
AGF Management B NV (TSE:AGF.B) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is AGF Management B NV (TSE:AGF.B) earnings time?
AGF Management B NV (TSE:AGF.B) earnings time is at Jan 22, 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 TSE:AGF.B EPS forecast?
TSE:AGF.B EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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