Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sei Investments Company (SEIC)
NASDAQ:SEIC
Holding SEIC?
Track your performance easily
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.2Last Year’s EPS
0.91Same Quarter Last Year
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 18.77%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
The earnings call highlights a strong financial performance with record EPS and significant growth across business segments. SEI has successfully implemented strategic changes leading to increased market activity and client engagement. Despite challenges with fluctuating cash program balances and outflows in traditional mutual fund products, the overall performance and strategic advancements suggest a positive trajectory.Company Guidance
In SEI's Q3 2024 earnings call, the company reported a significant financial performance, highlighting an EPS of $1.19, marking it as the second highest in its history and the highest when excluding one-time items. The firm's combined assets under management, administration, and advisement grew by nearly 3.5% from the previous quarter, achieving record levels. Additionally, SEI experienced net sales events totaling $46 million, another record for the company. The integrated cash program also saw modifications that more than doubled its balances. Revenue increased by 13%, operating income grew by 33%, and EPS rose by 37% compared to the previous year. The private banking business witnessed notable growth, with a 17% operating margin, driven by new client conversions and existing client growth. The investment managers business reported a 19% increase in operating profit, supported by strong sales and cross-selling in the alternative space. Meanwhile, the adviser business saw net cash flow growth of $1.1 billion, primarily through platform adoption in the RIA space. SEI's capital allocation included repurchasing approximately 1.3 million shares for $86 million, contributing to a total return of $442 million in capital to shareholders over the last four quarters.Record EPS and Asset Growth
SEI reported an EPS of $1.19, the second highest in the company's history, and achieved record levels of assets under management, administration, and advisement with a 3.5% growth from the prior quarter.
Strong Net Sales and Cash Program Modifications
Net sales events reached $46 million, marking a record quarter. The implementation of modifications to the integrated cash program doubled balances in the program.
Revenue and Profit Growth Across Segments
Revenue increased by 13%, operating income by 33%, and EPS by 37% year-over-year. All business segments saw revenue growth and margin expansion compared to previous periods.
Investment Managers Business Success
The investment managers business saw a 19% increase in operating profit, driven by significant sales and cross-selling in the alternative space.
Private Banking Business Performance
The private banking business experienced strong revenue growth supported by new client conversions and existing client expansions, with a 17% operating margin.
Outstanding Quarter for Net Sales
SEI achieved net sales events totaling $46 million, primarily driven by recurring events in its private banking and investment managers businesses.
Capital Allocation and Share Repurchase
SEI repurchased approximately 1.3 million shares for $86 million in the quarter and returned $442 million to shareholders over the last four quarters.
---
SEIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SEIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $70.29 | $73.98 | +5.25% |
| Jul 24, 2024 | $65.86 | $65.69 | -0.26% |
| Apr 24, 2024 | $65.75 | $65.63 | -0.18% |
| Jan 31, 2024 | $62.43 | $65.47 | +4.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Sei Investments Company (SEIC) report earnings?
Sei Investments Company (SEIC) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Sei Investments Company (SEIC) earnings time?
Sei Investments Company (SEIC) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SEIC EPS forecast?
SEIC EPS forecast for the fiscal quarter 2024 (Q4) is 1.2.
---