Pzena Investment Management (NYSE:PZN) announced its quarterly earnings data on Wednesday. The asset manager reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18, Morningstar.com reports. The firm had revenue of $37.84 million during the quarter, compared to analysts’ expectations of $39.13 million. Pzena Investment Management had a return on equity of 14.62% and a net margin of 8.77%.
Shares of NYSE:PZN opened at $7.80 on Friday. The company has a market cap of $548.96 million, a PE ratio of 10.13 and a beta of 1.18. Pzena Investment Management has a 1-year low of $7.36 and a 1-year high of $10.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.90 and a quick ratio of 2.90. The stock’s 50-day moving average price is $8.54.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Tuesday, July 30th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.12 annualized dividend and a yield of 1.54%. Pzena Investment Management’s dividend payout ratio is currently 15.58%.
Several analysts have weighed in on the company. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a report on Tuesday, June 25th. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th.
About Pzena Investment Management
Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.
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