Asset manager Janus Henderson Q2 revenue beats estimates, AUM up 27%
Overview
Janus Henderson Q2 revenue beats analyst expectations, adjusted EPS also exceeds estimates
Company's AUM increased 27% yr/yr, driven by strategic partnership with Guardian
Returned $113 mln to shareholders via dividends and buybacks in Q2
Result Drivers
AUM GROWTH - AUM increased by 27% yr/yr to $457 bln, driven by strategic partnership with Guardian
POSITIVE NET INFLOWS - Net inflows of $46.7 bln, marking fifth consecutive quarter of positive flows
INVESTMENT PERFORMANCE - Solid investment performance with majority of AUM outperforming benchmarks
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $633.20 mln | $624.40 mln (2 Analysts) |
Q2 Adjusted EPS | Beat | $0.9 | $0.83 (7 Analysts) |
Q2 EPS | $0.95 | ||
Q2 EBIT Margin | 25.9% | ||
Q2 Operating Expenses | $469.40 mln | ||
Q2 Operating Income | $163.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Janus Henderson Group PLC is $42.00, about 2.7% below its July 30 closing price of $43.15
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
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