- Assets Under Management: AGF Management’s assets under management and fee-earning assets rose to C$49.70 billion, marking an 18% year-over-year increase.
- Estimates Beaten: The assets under management surpassed the estimate of C$49.01 billion.
- Adjusted EPS: Adjusted earnings per share (EPS) were C$0.37, compared to C$0.34 the previous year, meeting the estimate of C$0.37.
- Regular EPS: EPS for the current quarter stood at C$0.30, slightly down from C$0.34 year-over-year.
- Adjusted EBITDA: Adjusted EBITDA rose by 19% year-over-year to C$40.2 million, beating the estimate of C$38.2 million.
- Positive Feedback: Judy Goldring, President and Head of Global Distribution at AGF, expressed satisfaction with the company’s sales strategy amidst current market conditions and industry trends.
- Market Sentiment: Analyst recommendations include 4 buys, 3 holds, and no sells.
A look at Agf Management Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AGF Management Limited, an investment management firm, holds promising long-term prospects based on its Smartkarma Smart Scores. With a top score in Value and strong scores in Dividend and Momentum, AGF Management is positioned well for growth. Its focus on value-driven investments coupled with a stable dividend payout and positive momentum in the market signifies a robust foundation for long-term success.
Despite moderate scores in Growth and Resilience, AGF Management’s overall outlook appears positive. The company’s diversified client base, spanning retail, institutional, and high net-worth clients across multiple regions, provides a solid platform for continued growth and resilience in the face of market challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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