Legg Mason (LM) to Release Earnings on Thursday

Share on StockTwits

Legg Mason (NYSE:LM) is set to release its Q414 earnings data on Thursday, May 1st. Analysts expect the company to announce earnings of $0.58 per share and revenue of $693.60 million for the quarter.

Legg Mason (NYSE:LM) last released its earnings data on Thursday, January 30th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.01. The company had revenue of $720.10 million for the quarter, compared to the consensus estimate of $725.85 million. During the same quarter in the previous year, the company posted ($3.45) earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect Legg Mason to post $2.33 EPS for the current fiscal year and $2.67 EPS for the next fiscal year.

Shares of Legg Mason (NYSE:LM) traded down 0.06% on Wednesday, hitting $46.59. The stock had a trading volume of 363,856 shares. Legg Mason has a 52-week low of $29.28 and a 52-week high of $49.50. The stock’s 50-day moving average is $46.39 and its 200-day moving average is $42.77. The company has a market cap of $5.549 billion and a price-to-earnings ratio of 23.66.

A number of research firms have recently commented on LM. Analysts at Ned Davis Research upgraded shares of Legg Mason from a “neutral” rating to a “buy” rating in a research note on Monday. On the ratings front, analysts at Citigroup Inc. raised their price target on shares of Legg Mason from $43.00 to $45.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Legg Mason from $36.00 to $42.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.00.

Legg Mason, Inc (NYSE:LM) is a global asset management company.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Bristol-Myers Tops Forecast Thanks to New Drugs
Bristol-Myers Tops Forecast Thanks to New Drugs
Biogen Idec Sales and Profit Fly Past Projections
Biogen Idec Sales and Profit Fly Past Projections
OneWest Bank to be Acquired by CIT in $3.4 Billion Deal
OneWest Bank to be Acquired by CIT in $3.4 Billion Deal
Security Cost for TSA Increases on Monday
Security Cost for TSA Increases on Monday
Asian Investor Acquire Forbes
Asian Investor Acquire Forbes
Crossovers and SUVs Most Popular Vehicles in U.S.
Crossovers and SUVs Most Popular Vehicles in U.S.


Leave a Reply

 
© 2006-2014 WKRB News.