Manning & Napier, Inc. (NYSE:MN) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MN is expected to report 3Q20 income of $ 0.06 per share from revenue of $ 30.00 million.
For the full year, analysts anticipate top line of $ 120.00 million, while looking forward to income of $ 0.12 per share bottom line.
Previous Quarter Performance
Manning & Napier, Inc. unwinded income for the second quarter of $ 0.08 per share, from the revenue of $ 30.35 million. The quarterly earnings grew 166.67 percent while revenues dropped 11.49 percent compared with the same quarter last year.
Wall street analysts are predicting, MN to report 2Q20 income of $ 0.03 per share from revenue of $ 29.00 million. The bottom line results beat street analysts by $ 0.05 or 166.67 percent, at the same time, top line results outshined analysts by $ 1.35 million or 4.66 percent.
Stock Performance
Shares of Manning & Napier, Inc. traded low $ -0.02 or -0.50 percent on Tuesday, reaching $ 3.96 with volume of 18.40 thousand shares. Manning & Napier, Inc. has traded high as $ 4.00 and has cracked $ 3.86 on the downward trend
According to the previous trading day, closing price of $ 3.96, representing a 302.02 % increase from the 52 week low of $ 0.99 and a 19.92 % decrease over the 52 week high of $ 4.97.
The company has a market capital of $ 64.45 million and is part of the Financial Services sector and Asset Management industry.
Conference Call
Manning & Napier, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.manning-napier.com
Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations.
