OM Asset Management (OMAM) Tops Q2 EPS by 4c, Beats on Revenues

OM Asset Management (NYSE: OMAM) reported Q2 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $218.8 million versus the consensus estimate of $209.65 million.

• U.S. GAAP EPS of $0.11 per share, down (63.3)% from Q2 2016; U.S. GAAP earnings of $12.9 million, down (64.5)%
• Economic net income EPS of $0.42 per share, an increase of 40.0% from Q2 2016
• Economic net income of $46.6 million, an increase of 28.7% from the comparative quarter in 2016
• AUM of $258.8 billion at June 30, 2017, an increase of 3.6% from March 31, 2017 and 18.3% from June 30, 2016
• Net client cash flows (“NCCF”) for the quarter of $(0.3) billion yielding an annualized revenue impact of $13.1 million
• Agreement in principle reached to sell OMAM’s stake in Heitman to its management for $110 million

For earnings history and earnings-related data on OM Asset Management (OMAM) click here.

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