OM Asset Management PLC (OMAM) Releases Earnings Results, Beats Expectations By $0.01 EPS

OM Asset Management PLC (OMAM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.29. The company posted revenue of $156.50 million in the period, compared to analysts expectations of $164.17 million. The company’s revenue was down -26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

OM Asset Management PLC closed down -0.24 points or -1.75% at $13.47 with 67,206 shares getting traded on Tusday. Post opening the session at $13.68, the shares hit an intraday low of $13.44 and an intraday high of $13.79 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Apr 20, 2016, Peter L Bain (Chief Executive Officer) sold 29,375 shares at $13.72 per share price. According to the SEC, on Apr 20, 2016, Christopher Hadley (EVP/ Chief Talent Officer) sold 708 shares at $13.72 per share price. On Apr 20, 2016, Aidan J Riordan (EVP/Head of Affiliate Mngmt) sold 4,306 shares at $13.72 per share price, according to the Form-4 filing with the securities and exchange commission.

OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its seven affiliate firms (Affiliates). Its Affiliates include Acadian Asset Management LLC a manager of global and international equity fixed income and alternative strategies; Barrow Hanley Mewhinney & Strauss LLC an investment manager of the United States international and global equities fixed income and a range of balanced investment management strategies; Campbell Global LLC a timber and natural resource investment manager; Copper Rock Capital Partners LLC an equity investment manager of small-cap international and global markets equity strategies; Heitman LLC a real estate investment manager; Investment Counselors of Maryland LLC a domestic equity manager and Thompson Siegel & Walmsley LLC an investment manager. Its affiliates offer a range of products in the United States markets equities and alternative investments including timber and real estate.

OM Asset Management PLC

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