JMP Group Inc. (JMP) Set to Announce Quarterly Earnings on Friday
JMP Group Inc. (NYSE:JMP) is set to issue its quarterly earnings data after the market closes on Friday, October 21st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
JMP Group (NYSE:JMP) last posted its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $29.70 million for the quarter, compared to analyst estimates of $40.50 million. JMP Group had a negative net margin of 1.96% and a positive return on equity of 2.69%. On average, analysts expect JMP Group to post $0.4 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
Shares of JMP Group Inc. (NYSE:JMP) opened at 5.53 on Wednesday. JMP Group Inc. has a 12-month low of $4.95 and a 12-month high of $6.66. The company’s market cap is $115.88 million. The company’s 50-day moving average is $5.54 and its 200-day moving average is $5.44.
A number of research firms have weighed in on JMP. TheStreet lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Zacks Investment Research downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th.
In related news, CEO Joseph A. Jolson bought 10,343 shares of the stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average cost of $5.48 per share, with a total value of $56,679.64. Following the completion of the purchase, the chief executive officer now owns 113,317 shares of the company’s stock, valued at $620,977.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph A. Jolson bought 45,119 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $5.35 per share, with a total value of $241,386.65. Following the completion of the purchase, the chief executive officer now directly owns 113,317 shares of the company’s stock, valued at approximately $606,245.95. The disclosure for this purchase can be found here. Insiders own 32.63% of the company’s stock.
JMP Group Company Profile
JMP Group, Inc is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
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