Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:UPDATE 5 | Six Fund Firms Pull Ahead, One Lags Behind When the Earnings Come Down Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 30, 2007

UPDATE 5 | Six Fund Firms Pull Ahead, One Lags Behind When the Earnings Come Down

by: Erin Kello

The earnings numbers are coming in, who are the winners and who are the losers for Q1?

Wall Streeters, estimated that Amvescap would earn about 35 cents per share, or with the stock spilt that occurred this quarter 18 cents per share, this quarter, according to estimates by Thompson Financial Network. The actual earnings per share turned out to be 19 cents per share with a stock split. This puts Amvescap a penny above the Street's numbers.

T.Rowe Price reported an earnings per share of 51 cents per share, an increase of 21 percent a share from the same quarter last year. The news was bittersweet though, T.Rowe came in behind the 53 cents per share earnings, or two cents shy of what analysts expected.

AMG joined Amvescap in the winner's circle posting earnings of $1.43 a share, beating the analysts' estimate of $1.14 a share.

For its part, Janus Capital reported earnings per share of 19 cents, dead on with analysts' expectations. This number is also flat to the firm's earnings per share in the final quarter of 2006.

Federated Investors have been busy shopping for funds to buy but, do their earnings reflect this can do attitude? Analysts predicted their earnings per share would be 51 cents, their actual earnings came in just below this mark at 50 cents per share. This number is up from the 43 cents per share earnings for Q1 2006, an increase of 16 percent.

The folks at Franklin Resources are smiling today. They blew away the Wall Street analysts' earnings per share estimate of $1.63, for Q1 of this year. The actual number came in at $1.73 per share. The AUM for the company was $576 billion up from 552.9 billion in Q4 of 2006.

Nuveen Investments is riding high after getting their first quarter marks. Wall Street insiders put the earnings per share for this quarter at 62 cents. The actual earnings per share came in at 63 cents, putting Nuveen up by one. The company posted net income of $52.3 million, representing an increase of 17 percent from a year ago. AUM for this quarter was $166.1 billion, up from $145.0 billion for Q1 of 2006.

Principal Financial Group joins those who beat the street with 95 cents per share earnings. Wall Streeters estimated it would be 2 cents lower at 93 cents per share, However, the news is not all good the earnings per share are down from Q1 2006's $1.01. Principles' AUM for this quarter was 270.1 billion. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  2. IDC webinar - A Primer on Digital Assets, Tokenization, and Distributed Ledger Technology, September 3
  3. WE U.S. - Women in Finance brunch at Dallas Securities Traders Association conference, September 4
  4. FutureProof Festival, Sep 7-10
  5. WE SoCal - Welcome Mixer at FutureProof, September 8
  6. WE US - ICI conference luncheon, September 8
  7. ICI ETF Conference, Sep 8-10
  8. WE Chicago - Unstoppable: A Journey of Resilience and Redefining Limits, September 9
  9. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  10. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  11. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  12. WE San Francisco - Annual Networking Event, September 11
  13. 2025 MMI Institutional Forum, September 11
  14. IDC webinar - Distribution for Fund Directors: Evolution and Trends, September 15
  15. IMEA Content Management Roundtable, September 16
  16. IMEA 2025 Star Awards Celebration, September 16
  17. IMEA Marketing Summit, Sep 16-17
  18. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  19. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  20. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  21. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  22. IMEA Portfolio Construction Roundtable, September 24
  23. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  24. IMEA Models Roundtable, September 25
  25. Expect Miracles Atlantic Coast Classic 2025, September 29
  26. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use