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.
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