Jefferies Cuts Numbers on Janus Capital (JNS) After Q1
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Rating Summary:
1 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies cut estimates and its price target on Janus Capital (NYSE: JNS) from $9.50 to $8 following Q1 results.
The firm comments, "The full impact of negative performance fees in addition to increased comp expense drove declining operating margins and a $0.02 adjusted miss to estimates. While longer term performance challenges remain, short term performance has shown modest improvement as of late and flow trends within actively managed products (ex. Intech) modestly improved q/q."
FY12 EPS goes from $0.93 to $0.83.
For an analyst ratings summary and ratings history on Janus Capital click here. For more ratings news on Janus Capital click here.
Shares of Janus Capital closed at $7.74 yesterday.
The firm comments, "The full impact of negative performance fees in addition to increased comp expense drove declining operating margins and a $0.02 adjusted miss to estimates. While longer term performance challenges remain, short term performance has shown modest improvement as of late and flow trends within actively managed products (ex. Intech) modestly improved q/q."
FY12 EPS goes from $0.93 to $0.83.
For an analyst ratings summary and ratings history on Janus Capital click here. For more ratings news on Janus Capital click here.
Shares of Janus Capital closed at $7.74 yesterday.
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