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 analysts’ consensus estimates of $0.03 by $0.05, MarketWatch Earnings reports. The company had revenue of $30.35 million during the quarter, compared to analysts’ expectations of $28.93 million. Manning and Napier had a net margin of 2.23% and a return on equity of 8.59%.
MN stock traded up $0.14 during mid-day trading on Friday, hitting $3.50. The stock had a trading volume of 222,113 shares, compared to its average volume of 55,067. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. Manning and Napier has a 52 week low of $0.99 and a 52 week high of $3.94. The firm has a market capitalization of $56.96 million, a P/E ratio of 17.50 and a beta of 2.94. The firm has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $2.36.
A number of equities analysts recently commented on MN shares. ValuEngine lowered shares of Manning and Napier from a “hold” rating to a “sell” rating in a research report on Tuesday, June 9th. Zacks Investment Research raised shares of Manning and Napier from a “sell” rating to a “hold” rating in a research report on Tuesday, July 14th.
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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