SEI Investments (NASDAQ:SEIC – Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
SEI Investments (NASDAQ:SEIC – Get Free Report) last issued its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $518.99 million during the quarter, compared to analyst estimates of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. SEI Investments’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
SEI Investments Stock Up 0.8 %
Shares of NASDAQ SEIC opened at $71.68 on Wednesday. The business has a fifty day simple moving average of $67.76 and a two-hundred day simple moving average of $67.23. The firm has a market cap of $9.31 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54.
Insider Buying and Selling
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on SEI Investments from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Piper Sandler boosted their target price on SEI Investments from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $73.00 target price (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.25.
Check Out Our Latest Analysis on SEI Investments
About SEI Investments
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.
Featured Articles
- Five stocks we like better than SEI Investments
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- How to Calculate Retirement Income: MarketBeat’s Calculator
- AMD Gains Momentum With AI: Can It Beat Expectations?
- How to Invest in Biotech Stocks
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.