Legg Mason (NYSE:LM) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Legg Mason to post earnings of $0.72 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Legg Mason (NYSE:LM) last announced its earnings results on Monday, May 13th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. The company had revenue of $692.60 million during the quarter, compared to analysts’ expectations of $699.24 million. Legg Mason had a negative net margin of 0.98% and a positive return on equity of 7.30%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, analysts expect Legg Mason to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LM traded down $0.62 during midday trading on Tuesday, reaching $37.89. 1,672 shares of the company’s stock were exchanged, compared to its average volume of 529,268. The firm has a market cap of $3.37 billion, a PE ratio of 12.47, a PEG ratio of 0.62 and a beta of 1.50. Legg Mason has a 1-year low of $23.25 and a 1-year high of $38.94. The company has a quick ratio of 1.36, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $37.68.

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Tuesday, July 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from Legg Mason’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.22%. Legg Mason’s payout ratio is 52.63%.

In related news, CAO Ursula Schliessler sold 3,608 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $36.03, for a total value of $129,996.24. Following the sale, the chief accounting officer now directly owns 27,495 shares of the company’s stock, valued at $990,644.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas C. Merchant sold 5,582 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $36.11, for a total transaction of $201,566.02. Following the completion of the sale, the vice president now directly owns 78,586 shares in the company, valued at $2,837,740.46. The disclosure for this sale can be found here. Insiders sold 63,378 shares of company stock worth $2,292,180 over the last ninety days. 8.08% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on the stock. Gabelli restated a “buy” rating on shares of Legg Mason in a report on Wednesday, April 10th. Royal Bank of Canada reduced their target price on shares of Advance Auto Parts to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Wells Fargo & Co reissued a “buy” rating on shares of Flexion Therapeutics in a research report on Wednesday, April 10th. Morgan Stanley set a $100.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.22.

About Legg Mason

Legg Mason, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients.

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Earnings History for Legg Mason (NYSE:LM)

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