Manning and Napier (NYSE:MN) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Manning and Napier (NYSE:MN) posted its earnings results on Thursday. The asset manager reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.05, MarketWatch Earnings reports. Manning and Napier had a net margin of 2.23% and a return on equity of 8.59%. The firm had revenue of $30.35 million during the quarter, compared to analyst estimates of $28.93 million.

Shares of NYSE:MN traded up $0.14 during midday trading on Friday, reaching $3.50. The company had a trading volume of 222,113 shares, compared to its average volume of 55,067. The company’s 50 day moving average price is $2.85 and its 200 day moving average price is $2.36. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock has a market cap of $56.96 million, a P/E ratio of 17.50 and a beta of 2.94. Manning and Napier has a 52-week low of $0.99 and a 52-week high of $3.94.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Manning and Napier from a “hold” rating to a “sell” rating in a research note on Tuesday, June 9th. Zacks Investment Research upgraded shares of Manning and Napier from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th.

About Manning and Napier

Manning & Napier, Inc is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States.

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Earnings History for Manning and Napier (NYSE:MN)

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