Legg Mason (LM) Set to Announce Earnings on Monday

Legg Mason (NYSE:LM) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Shares of NYSE:LM opened at $34.10 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.74 and a beta of 1.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.33 and a current ratio of 1.77. Legg Mason has a 52-week low of $23.25 and a 52-week high of $39.79.

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, March 26th were issued a $0.34 dividend. The ex-dividend date was Monday, March 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.99%. Legg Mason’s dividend payout ratio is presently 36.56%.

A number of research analysts have recently weighed in on LM shares. Bank of America lowered Legg Mason from a “hold” rating to an “underperform” rating and set a $30.50 target price on the stock. in a report on Monday, January 14th. ValuEngine upgraded Legg Mason from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 16th. Citigroup upgraded Legg Mason from a “neutral” rating to a “buy” rating and raised their target price for the company from $27.00 to $29.50 in a report on Tuesday, February 5th. Wells Fargo & Co raised their target price on Legg Mason from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday, February 5th. Finally, Morgan Stanley set a $24.00 target price on Legg Mason and gave the company a “sell” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.89.

ILLEGAL ACTIVITY NOTICE: “Legg Mason (LM) Set to Announce Earnings on Monday” was originally published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://dakotafinancialnews.com/2019/05/12/legg-mason-lm-set-to-announce-earnings-on-monday.html.

About Legg Mason

Legg Mason, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients.

Featured Story: NASDAQ

Earnings History for Legg Mason (NYSE:LM)

Receive News & Ratings for Legg Mason Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legg Mason and related companies with MarketBeat.com's FREE daily email newsletter.