Wall Street analysts forecast that AssetMark Financial Holdings (NYSE:AMK) will announce earnings per share of $0.25 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AssetMark Financial’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.24. The business is expected to announce its next quarterly earnings results on Tuesday, February 4th.
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On average, analysts expect that AssetMark Financial will report full year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.92 to $0.95. For the next fiscal year, analysts expect that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.08 to $1.09. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow AssetMark Financial.
AssetMark Financial (NYSE:AMK) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $104.48 million for the quarter, compared to analyst estimates of $102.80 million.
AMK has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of AssetMark Financial from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of AssetMark Financial in a research report on Monday, August 12th. They set a “neutral” rating and a $29.00 price target for the company. William Blair initiated coverage on shares of AssetMark Financial in a research report on Monday, August 12th. They set a “market perform” rating for the company. Goldman Sachs Group started coverage on shares of AssetMark Financial in a research report on Monday, August 12th. They set a “buy” rating and a $31.00 price target for the company. Finally, Raymond James started coverage on AssetMark Financial in a research note on Monday, August 12th. They set an “outperform” rating and a $31.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dean Capital Investments Management LLC bought a new position in AssetMark Financial during the third quarter worth $578,000. Russell Investments Group Ltd. bought a new position in AssetMark Financial during the third quarter worth $795,000. State of Tennessee Treasury Department bought a new position in AssetMark Financial during the third quarter worth $208,000. Finally, Rhumbline Advisers bought a new position in AssetMark Financial during the third quarter worth $372,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.
Shares of AMK stock traded up $0.51 during mid-day trading on Monday, reaching $24.85. 32,201 shares of the company were exchanged, compared to its average volume of 171,441. AssetMark Financial has a fifty-two week low of $22.87 and a fifty-two week high of $29.37. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $25.77.
About AssetMark Financial
AssetMark Financial Holdings, Inc provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel.
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