Pzena Investment Management Inc. (NYSE:PZN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Pzena Investment Management had a net margin of 6.47% and a return on equity of 9.99%. The firm had revenue of $26.44 million for the quarter, compared to analyst estimates of $26 million. On average, analysts expect Pzena Investment Management to post $0.39 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.

Earnings History for Pzena Investment Management (NYSE:PZN)

Shares of Pzena Investment Management Inc. (NYSE:PZN) opened at 7.70 on Friday. Pzena Investment Management Inc. has a 52 week low of $5.91 and a 52 week high of $9.81. The company’s 50-day moving average is $7.70 and its 200 day moving average is $8.05. The firm has a market capitalization of $126.04 million, a price-to-earnings ratio of 17.34 and a beta of 2.06.

Institutional investors have recently modified their holdings of the company. FMR LLC bought a new position in shares of Pzena Investment Management during the second quarter valued at approximately $3,164,000. BlackRock Fund Advisors raised its position in shares of Pzena Investment Management by 13.8% in the second quarter. BlackRock Fund Advisors now owns 380,655 shares of the company’s stock valued at $2,897,000 after buying an additional 46,114 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Pzena Investment Management by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 286,150 shares of the company’s stock valued at $2,178,000 after buying an additional 13,041 shares during the period. State Street Corp raised its position in shares of Pzena Investment Management by 1.0% in the second quarter. State Street Corp now owns 191,786 shares of the company’s stock valued at $1,459,000 after buying an additional 1,927 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Pzena Investment Management by 4.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 149,436 shares of the company’s stock valued at $1,137,000 after buying an additional 6,691 shares during the period. 14.12% of the stock is owned by hedge funds and other institutional investors.

About Pzena Investment Management

Pzena Investment Management, Inc is an investment management firm. The Company manages assets across a range of market capitalizations in both the United States and non-United States capital markets. The Company manages separate accounts on behalf of institutions, acts as sub-investment adviser for a range of Securities and Exchange Commission (SEC)-registered mutual funds and non-United States funds, and acts as investment adviser for the Pzena Mutual Funds, certain private placement funds and non-United States funds.

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