Patria beats Q2 profit estimates in higher fee-earning AUM
PAX•Dividend and outlook
Patria declared a quarterly dividend of $0.1625 per share.
The company said it remains on track for 2026 full-year Fee-Related Earnings of $225 million to $245 million, and sees 2026 full-year FRE per share of $1.42 to $1.54.
Patria said year-to-date fundraising keeps it on pace to exceed its full-year target.
Analyst coverage and valuation
The current average analyst rating on the shares is "hold," with 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the investment management and fund operators peer group is "buy."
Wall Street's median 12-month price target for Patria Investments Ltd is $15.50, about 41.3% above its July 30 closing price of $10.97. The stock recently traded at 8 times next 12-month earnings, versus a P/E of 8 three months ago.
Quarterly results beat estimates
Patria said second-quarter adjusted EPS and net income beat analyst expectations, helped by higher fee-earning assets under management.
The Cayman Islands asset manager reported:
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Adjusted EPS | $0.32 | $0.29 (4 Analysts) |
| Q2 Adjusted Net Income | $50.70 mln | $46.42 mln (3 Analysts) |
| Q2 Dividend | $0.16 |
