With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.64 million shares. The 52-week range on APAM shows that it touched its highest point at $48.98 and its lowest point at $32.75 during that stretch. It currently has a 1-year price target of $39.19. With its current market cap of 3.33 billion, APAM has annualized dividend of $3.03 while the current yield stands at 7.34%. Beta for the stock currently stands at 1.68.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APAM was down-trending over the past week, with a drop of -6.84%, but this was up by 14.38% over a month. Three-month performance dropped to -2.18% while six-month performance fell -10.90%. The stock lost -8.38% in the past year, while it has lost -2.99% so far this year. A look at the trailing 12-month EPS for APAM yields 3.55 with Next year EPS estimates of 3.39. For the next quarter, that number is 0.78. This implies an EPS growth rate of -7.96% for this year and 3.75% for next year. EPS is expected to grow by 2.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.67%.
Float and Shares Shorts:
At present, 70.43 million APAM shares are outstanding with a float of 68.56 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APAM since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.52614 being high and $3.31386 being low. For APAM, this leads to a yearly average estimate of $3.42. Based on analyst estimates, the high estimate for the next quarter is $0.88 and the low estimate is $0.73. The average estimate for the next quarter is thus $0.8.
