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Westwood Holdings (WHG)
:WHG
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -6.91%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a positive outlook with strong AUM growth, robust institutional sales, and successful ETF launches. However, there were challenges such as net outflows in the intermediary channel and a decline in comprehensive income compared to last year. Despite these challenges, the focus on new initiatives and strategic partnerships suggests a forward-looking growth strategy.Company Guidance
During the WHG earnings call for Q3 2024, the company provided guidance emphasizing key metrics such as total assets under management, which reached $17.7 billion, a 5% increase from the prior quarter, marking a six-year high. The firm executed a share repurchase program, buying back 21,879 shares for approximately $273,000. Institutional gross flows exceeded $1 billion year-to-date, with a pipeline approaching $2 billion. The launch of two energy ETFs saw one crossing $50 million in assets under management. The Fed's rate cut impacted yields, aligning well with Westwood's investment strategies, which outperformed benchmarks, especially in the small and mid-cap categories. Institutional net inflows were $197 million, with new mandates including $200 million for SMID CIT and $100 million for SMID SMA. Despite challenges, the intermediary channel saw growth in MLP strategies with positive net flows. The wealth management division experienced net outflows of $44 million but onboarded a significant new client. Westwood's financial position remains strong, with cash and short-term investments totaling $48.3 million and a debt-free balance sheet. The board declared a regular cash dividend of $0.15 per share. The company expressed optimism about future opportunities, particularly in the energy sector, and highlighted ongoing initiatives in ETFs and managed investment solutions.Record AUM Growth
Total assets under management reached $17.7 billion, up 5% from the prior quarter, marking the highest level in 6 years.
Strong Institutional Sales
The sales teams achieved strong institutional gross flows over $1 billion year-to-date, with a pipeline increased to nearly $2 billion.
Successful ETF Launch
Launch and growth of two energy ETFs with MDST crossing $50 million in AUM, passing critical trading volume thresholds.
Positive Financial Performance
Revenues increased to $23.7 million in Q3 2024, compared to $22.7 million in the previous quarter and $21.9 million in Q3 2023.
Dividend Announcement
Board of Directors approved a regular cash dividend of $0.15 per common share payable on January 3, 2025.
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WHG 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
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WHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $15.34 | $15.47 | +0.85% |
| Jul 31, 2024 | $12.99 | $12.73 | -2.00% |
| May 01, 2024 | $12.17 | $12.12 | -0.41% |
| Feb 14, 2024 | $11.75 | $11.93 | +1.53% |
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.
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FAQ
When does Westwood Holdings (WHG) report earnings?
Westwood Holdings (WHG) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Westwood Holdings (WHG) earnings time?
Westwood Holdings (WHG) earnings time is at Feb 05, 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 WHG EPS forecast?
Currently, no data Available
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