NEW YORK (TheStreet) -- Affiliated Managers shares are down 3.38% to $203.14 in trading on Tuesday following the release of the global asset management company's fourth quarter earnings results. The company reported a quarterly net income of $172.6 million, or $3.55 per share on an adjusted basis, on revenue of $641.2 million during the period. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Analysts on average were expecting earnings of $3.49 per share on revenue of $665.7 million. The company reported a profit of $452.1 million, or $8.01 per share, on revenue of $2.51 billion for the year. TheStreet Ratings team rates AFFILIATED MANAGERS GRP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate AFFILIATED MANAGERS GRP INC (AMG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: AMG Ratings Report AMG data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on AMG. Click to research the Financial Services industry.
from Latest TSC Headlines http://ift.tt/1zTTy1G
No comments:
Post a Comment