AllianceBernstein (AB) Scheduled to Post Earnings on Thursday
AllianceBernstein (NYSE:AB) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect AllianceBernstein to post earnings of $0.54 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
AllianceBernstein (NYSE:AB) last released its quarterly earnings results on Wednesday, February 13th. The asset manager reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. AllianceBernstein had a net margin of 7.21% and a return on equity of 17.10%. The company had revenue of $804.66 million during the quarter, compared to the consensus estimate of $706.20 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts expect AllianceBernstein to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE AB opened at $30.11 on Wednesday. AllianceBernstein has a 1-year low of $23.34 and a 1-year high of $31.42. The company has a market capitalization of $2.87 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 3.09 and a beta of 1.23.
In other AllianceBernstein news, COO James A. Gingrich sold 20,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $29.38, for a total transaction of $587,600.00. Following the sale, the chief operating officer now owns 24,909 shares of the company’s stock, valued at $731,826.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James A. Gingrich sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $30.11, for a total transaction of $451,650.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,514 shares of company stock valued at $6,020,020. Company insiders own 2.70% of the company’s stock.
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AllianceBernstein Company Profile
AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities.
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