$0.09 EPS Expected for Manning & Napier, Inc. (MN) This Quarter
Wall Street brokerages expect that Manning & Napier, Inc. (NYSE:MN) will announce earnings of $0.09 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Manning & Napier’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.08. Manning & Napier reported earnings per share of $0.16 during the same quarter last year, which indicates a negative year-over-year growth rate of 43.8%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Manning & Napier will report full-year earnings of $0.45 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.45. For the next financial year, analysts expect that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.25 to $0.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Manning & Napier.
Manning & Napier (NYSE:MN) last issued its earnings results on Wednesday, November 1st. The company reported C$0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.11 by C($0.01). Manning & Napier had a net margin of 3.30% and a return on equity of 30.60%. The firm had revenue of C$48.84 million during the quarter, compared to the consensus estimate of C$47.52 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis.
Several equities research analysts have recently issued reports on MN shares. Zacks Investment Research downgraded shares of Manning & Napier from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. ValuEngine raised shares of Manning & Napier from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $4.00 price objective on shares of Manning & Napier in a research report on Thursday, August 3rd.
Shares of Manning & Napier (MN) traded down C$0.05 during trading hours on Monday, reaching C$3.80. 116,500 shares of the company’s stock traded hands, compared to its average volume of 141,865. Manning & Napier has a 1 year low of C$3.00 and a 1 year high of C$8.15. The company has a market capitalization of $57.30, a P/E ratio of 7.45, a PEG ratio of 1.07 and a beta of 1.53.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 8.42%. The ex-dividend date is Thursday, January 11th. Manning & Napier’s dividend payout ratio is 66.67%.
Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Manning & Napier by 1.6% during the first quarter. Renaissance Technologies LLC now owns 1,080,600 shares of the company’s stock worth $6,159,000 after acquiring an additional 17,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Manning & Napier by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 366,811 shares of the company’s stock worth $1,449,000 after acquiring an additional 18,656 shares in the last quarter. Menta Capital LLC grew its position in Manning & Napier by 38.7% in the second quarter. Menta Capital LLC now owns 260,850 shares of the company’s stock valued at $1,135,000 after purchasing an additional 72,840 shares in the last quarter. Geode Capital Management LLC grew its position in Manning & Napier by 89.8% in the first quarter. Geode Capital Management LLC now owns 244,615 shares of the company’s stock valued at $1,393,000 after purchasing an additional 115,749 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Manning & Napier by 58.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 216,480 shares of the company’s stock valued at $942,000 after purchasing an additional 79,900 shares in the last quarter. 56.87% of the stock is owned by institutional investors.
About Manning & Napier
Manning & Napier, Inc is an independent investment management company. The Company operates through investment management industry segment. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services.
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