Manning and Napier (MN) Releases Earnings Results, Misses Expectations By $0.05 EPS

Manning and Napier (NYSE:MN) posted its quarterly earnings results on Wednesday. The asset manager reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05), reports. Manning and Napier had a net margin of 3.30% and a return on equity of 30.20%. The business had revenue of $45.70 million during the quarter, compared to analysts’ expectations of $46.50 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year.

Manning and Napier (NYSE MN) traded down $0.60 on Thursday, reaching $3.10. The company’s stock had a trading volume of 237,264 shares, compared to its average volume of 90,890. The stock has a market capitalization of $45.87, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51. Manning and Napier has a one year low of $3.00 and a one year high of $6.80.

A number of research firms recently weighed in on MN. Zacks Investment Research upgraded Manning and Napier from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $4.00 price target on shares of Manning and Napier in a research note on Friday, November 10th.

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About Manning and 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.

Earnings History for Manning and Napier (NYSE:MN)

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