Calamos Asset Management Inc (CLMS) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Calamos Asset Management Inc (CLMS) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.18. The company posted revenue of $48.27 million in the period, compared to analysts expectations of $49.97 million. The company’s revenue was down -20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Calamos Asset Management Inc. Calamos Asset Management Inc was Resumed by Credit Suisse to “Underperform” on Jul 15, 2016. Calamos Asset Management Inc was Upgraded by Keefe Bruyette to ” Mkt Perform” on Jun 20, 2016.

Calamos Asset Management Inc closed down -0.04 points or -0.57% at $6.94 with 62,762 shares getting traded on Thursday. Post opening the session at $6.94, the shares hit an intraday low of $6.9 and an intraday high of $7.05 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 26, 2016, Robert Behan (President, Head of Global Dist) purchased 0 shares at $7.80 per share price. According to the SEC, on May 26, 2016, William N Shiebler (director) purchased 19 shares at $7.80 per share price. On May 26, 2016, Keith M Schappert (director) purchased 19 shares at $7.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Calamos Asset Management Inc. (CAM) is a holding company. The Company is the manager of Calamos Investments LLC which owns and manages its operating companies. The Company primarily provides investment advisory services to individuals and institutional investors through investment products that include open-end funds and closed-end funds (Funds) exchange traded fund separate accounts offshore funds and partnerships. The subsidiaries through which the Company provides these services include Calamos Advisors LLC (CAL) a registered investment advisor; Calamos Financial Services LLC (CFS) a registered broker-dealer; Calamos Wealth Management LLC a registered investment advisor and Calamos Investments LLP formerly known as Calamos International LLP a United Kingdom limited liability partnership registered investment advisor with the Financial Conduct Authority in the United Kingdom and a global distributor of the offshore funds and Company products.

Calamos Asset Management Inc

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