NYSE$AMG

Affiliated Managers Group · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

AMG reported EPS of $0.65 and Economic EPS of $2.74. Net client cash flows were impacted by performance headwinds in quantitative strategies but offset by organic growth across private markets, wealth management, and fixed income strategies.

Affiliated Managers Group (AMG) reported its financial results for Q2 2020. The company reported Economic earnings per share of $2.74. Net client cash flows were affected by performance headwinds in quantitative strategies, offsetting organic growth in other areas. AMG continues to position its business for growth and create shareholder value.

  • AMG reported Economic earnings per share of $2.74 for the second quarter.
  • Net client cash flows were driven by ongoing performance headwinds concentrated in certain quantitative strategies.
  • Company repurchased $50 million in common stock.
  • AMG's aggregate assets under management were approximately $638 billion as of June 30, 2020.

Headline financials

Total Revenue

$471M

Previous: $592M-20.4%
EPS (adj)

$2.74

Previous: $3.33-17.7%
Total AUM

$638B

No prior period
Average AUM

$636B

No prior period
Aggregate Fees

$961M

No prior period
Capital Expenditures

-$4.5M

Previous: -$6.3M+28.6%
Free Cash Flow

$26.2M

Previous: $101M-74.2%
Net Income

$30.7M

Previous: $108M-71.5%
Operating Income

-$410M

Previous: -$412M+0.5%
Gross Profit

$471M

Previous: $1.1M+42718.2%
Cash & Equivalents

$682M

Previous: $360M+89.3%
Total Assets

$7.5B

Previous: $7.73B-3.0%
Stock-Based Comp

$32.7M

Previous: $22.5M+45.3%

Revenue & EPS history

AMG · Revenue · Quarterly

$471M

Q2 2020-20.4%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

While considerable market volatility persists, we continue to actively position our business for growth; through the disciplined execution of our strategy, along with the quality and diversity of our Affiliates, we are confident in our ability to create meaningful shareholder value over time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+26.4%

Q4 2020

Best reaction

-15.1%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-1.6%+9.8%
Q4 2025+6.8%+4.8%-11.7%
Q3 2025+8.3%+9.0%+14.1%
Q1 2025+3.3%+4.1%+4.0%
Q4 2024+0.2%-5.2%-12.5%
Q3 2024-8.3%-4.6%-4.0%
Q2 2024+4.4%-4.2%-3.3%
Q1 2024-3.0%-1.7%-1.2%
Q4 2023+3.0%+4.2%+6.2%
Q3 2023+1.7%+3.5%+6.7%
Q2 2023-13.5%-14.2%-18.6%
Q1 2023-0.8%-1.9%-3.7%
Q4 2022-3.8%-6.0%-11.0%
Q3 2022+16.0%+24.2%+27.5%
Q2 2022+1.5%+2.7%+0.8%
Q1 2022+3.6%+2.7%+4.7%
Q4 2021+0.4%-2.8%-11.0%
Q3 2021+12.1%+10.8%-0.3%
Q2 2021-5.2%-4.6%+4.0%
Q1 2021+1.1%+7.7%+3.2%
Q4 2020+26.4%+31.6%+25.3%
Q3 2020-3.2%-5.1%+14.3%
Q2 2020-0.9%-2.1%+0.1%
Q1 2020+13.0%+7.8%+20.2%
Q4 2019+2.8%+2.1%-5.5%
Q3 2019+8.7%+6.2%+11.1%
Q2 2019-3.6%-9.9%-16.7%
Q1 2019-15.1%-14.8%-20.5%
Q4 2018+4.8%-0.1%+1.4%
Q3 2018-0.3%+1.1%-1.5%
Q2 2018+5.9%+0.7%-2.0%
Q1 2018-3.5%-4.9%-5.4%
Q4 2017-5.8%-8.6%-12.2%
Q3 2017-2.2%-2.8%+4.2%
Q2 2017+4.1%+1.1%-2.6%
Q1 2017-6.5%-6.6%-7.1%
Q4 2016+5.5%+9.5%+17.2%
Q3 2016-2.5%-4.0%+7.4%
Q2 2016-3.9%-0.3%-3.2%
Q1 2016-5.5%
Q4 2015-7.4%
Q3 2015-6.3%
Q2 2015+0.1%
Q1 2015+1.2%
Q4 2014-2.2%
Q3 2014-3.9%
Q2 2014-0.5%
Q1 2014+10.3%
Q4 2013-0.1%
Q3 2013+0.8%
Q2 2013+4.5%
Q1 2013-0.7%
Q4 2012-0.3%
Q3 2012+5.8%
Q2 2012+2.2%
Q1 2012+0.8%
Q4 2011+2.0%
Q3 2011-0.6%
Q2 2011+2.7%
Q1 2010+0.0%
Q1 2011+2.2%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2009-0.1%
Q3 2010-0.1%
Q2 2009-0.8%
Q4 2009-0.8%
Q2 2010-0.8%

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