Janus Henderson Group Reports Strong Quarterly Earnings

Janus Henderson Group (NYSE:JHG) shared its earnings results on Friday, revealing that the company posted earnings of $1.07 per share (EPS) for the quarter. This figure surpassed the analysts' average estimate of $0.94 by $0.13, according to reports. The company achieved a return on equity of 11.49% and maintained a net margin of 17.33%. This performance showed significant improvement compared to the same period last year when the firm earned $0.82 EPS.

Stock Performance

On Friday, shares of Janus Henderson Group rose by 4.0% during midday trading, reaching $45.43. A total of 691,918 shares exchanged hands, which is in contrast to the average volume of 854,918. The company boasts a debt-to-equity ratio of 0.09, alongside a current ratio of 3.08 and a quick ratio of 2.08. Over the past year, Janus Henderson Group’s stock has fluctuated between a low of $28.52 and a high of $45.74. With a market capitalization of $7.22 billion, the company has a price-to-earnings (PE) ratio of 18.02 and a price-to-earnings-growth (PEG) ratio of 0.60, alongside a beta of 1.50. Currently, the stock has a 50-day moving average price of $43.34 and a 200-day moving average price of $40.13.

Dividend Announcement

In addition to its earnings report, Janus Henderson Group also announced a quarterly dividend. This dividend will be distributed on Thursday, February 27th, to stockholders who are on record by Tuesday, February 11th. The dividend amount is set at $0.39 per share, which translates to an annualized dividend of $1.56 and a dividend yield of 3.43%. Presently, the company's dividend payout ratio stands at 61.66%.

Analysts' Expectations

Several analysts have shared their insights regarding Janus Henderson Group’s stock. For instance, UBS Group raised its price target from $37.00 to $41.00 while maintaining a "neutral" rating in a note released on October 22nd. In contrast, JPMorgan Chase & Co. reduced its price target from $45.00 to $44.00, also issuing a "neutral" rating in a report dated January 7th. Deutsche Bank increased its target from $42.00 to $44.00, assigning a "hold" rating, while Wells Fargo lowered its price goal from $45.00 to $43.00, giving an "equal weight" rating. Additionally, Morgan Stanley raised its price target from $46.00 to $48.00 and maintained an "equal weight" rating. As it stands, eight analysts have issued a "hold" rating on the stock while one analyst has given it a "buy" rating. According to data compiled from MarketBeat.com, Janus Henderson Group currently enjoys a consensus rating of "Hold" and an average target price of $44.75.

About Janus Henderson Group

Janus Henderson Group plc serves as an asset management holding company. It provides various services through its subsidiaries to institutional and retail clients, as well as high-net-worth individuals. The company manages distinct client-centered equity and fixed-income portfolios and offers equity, fixed income, and balanced mutual funds to its clients.

Janus, Earnings, Stocks