$1.36 Earnings Per Share Expected for SEI Investments (NASDAQ:SEIC) This Quarter

Brokerages forecast that SEI Investments (NASDAQ:SEICGet Rating) will announce earnings of $1.36 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for SEI Investments’ earnings. The highest EPS estimate is $1.46 and the lowest is $1.04. SEI Investments reported earnings per share of $0.89 during the same quarter last year, which would suggest a positive year-over-year growth rate of 52.8%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that SEI Investments will report full-year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.00 to $4.32. For the next year, analysts anticipate that the business will report earnings of $4.11 per share, with EPS estimates ranging from $3.97 to $4.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover SEI Investments.

SEI Investments (NASDAQ:SEICGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The asset manager reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $501.65 million for the quarter, compared to analysts’ expectations of $487.85 million. SEI Investments had a net margin of 28.49% and a return on equity of 29.81%. During the same quarter in the previous year, the firm posted $0.86 EPS. SEI Investments’s revenue was up 13.1% on a year-over-year basis.

Several equities analysts have recently commented on SEIC shares. The Goldman Sachs Group downgraded shares of SEI Investments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $67.00 to $65.00 in a research note on Monday, March 28th. Morgan Stanley lowered their price objective on shares of SEI Investments from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, March 28th. StockNews.com started coverage on shares of SEI Investments in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Oppenheimer lowered their price objective on shares of SEI Investments from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, January 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, SEI Investments has a consensus rating of “Hold” and a consensus target price of $67.50.

Shares of SEIC traded down $0.08 during mid-day trading on Monday, reaching $57.53. 522,378 shares of the stock traded hands, compared to its average volume of 648,139. SEI Investments has a 1 year low of $54.03 and a 1 year high of $65.22. The company has a current ratio of 3.95, a quick ratio of 3.87 and a debt-to-equity ratio of 0.02. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The firm has a fifty day moving average price of $58.87 and a 200 day moving average price of $60.54.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its holdings in SEI Investments by 305.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 604 shares of the asset manager’s stock worth $36,000 after purchasing an additional 455 shares during the period. Trust Co. of Vermont purchased a new stake in SEI Investments in the fourth quarter worth about $40,000. Harbor Investment Advisory LLC purchased a new stake in SEI Investments in the fourth quarter worth about $49,000. UMB Bank N A MO purchased a new stake in SEI Investments in the fourth quarter worth about $52,000. Finally, Signaturefd LLC grew its holdings in SEI Investments by 34.4% in the fourth quarter. Signaturefd LLC now owns 851 shares of the asset manager’s stock worth $52,000 after purchasing an additional 218 shares during the period. Institutional investors own 69.63% of the company’s stock.

SEI Investments Company Profile (Get Rating)

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

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Earnings History and Estimates for SEI Investments (NASDAQ:SEIC)

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