Silvercrest Asset Management Group (SAMG) Scheduled to Post Earnings on Friday

Silvercrest Asset Management Group (NASDAQ:SAMG) will announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The company had revenue of $30.99 million for the quarter, compared to analyst estimates of $30.68 million. Silvercrest Asset Management Group had a return on equity of 12.46% and a net margin of 7.09%. During the same period last year, the firm earned $0.34 earnings per share. On average, analysts expect Silvercrest Asset Management Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Silvercrest Asset Management Group Stock Performance

SAMG traded up $0.04 during trading on Monday, reaching $17.09. The company had a trading volume of 198 shares, compared to its average volume of 26,203. Silvercrest Asset Management Group has a 12-month low of $13.93 and a 12-month high of $18.13. The company has a market cap of $237.72 million, a price-to-earnings ratio of 17.99 and a beta of 0.83. The firm’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $15.82.

Silvercrest Asset Management Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 13th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Friday, September 13th. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 84.21%.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.