Legg Mason (LM) Earns Coverage Optimism Score of 0.18
News stories about Legg Mason (NYSE:LM) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Legg Mason earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 47.7239135324835 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Pro-Trader Daily: Earnings Review and Free Research Report: Legg Mason’s Quarterly Revenue Grew 3%; EPS Surged 24% (finanznachrichten.de)
- Legg Mason Inc : Earnings Review and Free Research Report: Legg Mason’s Quarterly Revenue Grew 3%; EPS Surged 24% (4-traders.com)
- Legg Mason, Inc. (LM) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
Legg Mason (NYSE LM) traded up $0.14 during trading hours on Friday, hitting $39.00. The company had a trading volume of 299,967 shares, compared to its average volume of 895,561. The company has a quick ratio of 1.79, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3,572.69, a P/E ratio of 13.54, a P/E/G ratio of 0.91 and a beta of 2.27. Legg Mason has a 12 month low of $29.71 and a 12 month high of $42.08.
Legg Mason (NYSE:LM) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $768.30 million for the quarter, compared to the consensus estimate of $739.47 million. Legg Mason had a return on equity of 7.16% and a net margin of 8.46%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. equities research analysts predict that Legg Mason will post 2.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Wednesday, December 20th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.87%. Legg Mason’s dividend payout ratio is currently 43.75%.
A number of research firms have recently weighed in on LM. BidaskClub lowered Legg Mason from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley lowered Legg Mason from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $37.00 to $36.00 in a research note on Thursday, October 5th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $41.00 price objective (down previously from $43.00) on shares of Legg Mason in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Legg Mason in a research note on Friday, July 28th. Finally, Barclays PLC began coverage on Legg Mason in a research note on Friday, September 8th. They issued an “equal weight” rating and a $39.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.10.
Legg Mason Company Profile
Legg Mason, Inc is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds.
Receive News & Ratings for Legg Mason Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legg Mason Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.