Legg Mason, Inc. Common Stock (NYSE:LM):
Legg Mason Reports Second Fiscal Quarter Results.
The company is now down by -5.31% since yesterday’s close of $30.91.
Legg Mason, Inc. Common Stock also recently announced a dividend that was paid on Monday the 24th of October 2016. The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. The dividend yield was $2.79. The ex-dividend date was Tuesday the 4th of October 2016.
It is currently trading at $29.27 which is a tad under $32.93, the stock’s 50 day moving average and slightly below the 200 day moving average of $32.79. The 50 day moving average was down $-3.66 whereas the 200 day moving average was down $-3.52 or -10.75%.
As of the last earnings report the EPS was $-0.82 and is estimated to be $2.31 for the current year with 103,627,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.68 and the next full year EPS is anticipated to be $3.24.
Several ratings analysts have released opinions on the company recently. October 14 investment analysts at Keefe Bruyette & Woods left the stock rating at “Outperform” and lowered the price target from $56.00 to $44.00. On October 11 Jefferies made no change to the company rating of “Buy” but lowered the price target to $33.00 from $36.00.
July 28 investment analysts at Morgan Stanley held the company rating at “Buy” and raised the price expectation from $37.00 to $50.00. July 28 investment analysts at Citigroup kept the company rating at “Buy” and moved up the price target to $50.00 from $46.00.
On July 11 Jefferies kept the stock rating at “Buy” but moved down the price target from $42.00 to $36.00. On April 15 Citigroup maintained a stock rating of “Buy” but raised the price expectation to $46.00 from $43.00.