Outlook and valuation notes
- The company did not provide specific quantitative guidance for the current quarter or full year.
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
- The average consensus recommendation for the investment management and fund operators peer group is "buy".
- The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago.
Q2 distributable EPS and net income rise
- Canada investment firm's Q2 distributable EPS before realizations rose year over year.
- Q2 net income attributable to shareholders increased to $364 million from $272 million a year earlier.
- The company completed the Oaktree and Just Group acquisitions and continued share repurchases.
Growth in asset management and wealth solutions
BN•
