Last $14.28 USD
Change Today -0.19 / -1.31%
Volume 2.5M
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As of 1:00 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

janus capital group inc (JNS) Key Developments

Janus Capital Group, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 21, 2014

On October 20, 2014, Janus Capital Group, Inc.'s board of directors declared a regular quarterly cash dividend of $0.08 per share. The quarterly dividend will be paid on November 21, 2014, to stockholders of record at the close of business on November 7, 2014.

Janus Capital Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Provides Free Cash Flow Guidance for the 12 Months of 2014

Janus Capital Group, Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net income of $40.9 million, or $0.22 per diluted share, compared with second quarter 2014 net income of $36.3 million, or $0.19 per diluted share, and net income of $32.6 million, or $0.17 per diluted share, in the third quarter 2013. Cash flows from operations were $100.1 million compared with $65.9 million during the second quarter 2014 and $78.3 million during the third quarter 2013. Total revenues were $237.0 million compared to $217.7 million for the same period a year ago. Operating income was $71.6 million compared to $59.0 million a year ago. Net income was $40.6 million compared to $35.6 million a year ago. Net income attributable to the company common shareholders was $39.5 million compared to $32.6 million a year ago. The company had $2.1 billion of net outflows compared to $3.3 billion in the prior quarter, obviously reflecting some mix investment performance. The improvement resulted really from better growth sales more than offsetting a slight increase in gross redemption. The increase in earnings per share over the prior quarter was primarily due to the aforementioned improvement in operating income, lower effective tax rate, which had expected and lower interest expense as retired $60 million of debt, which matured in July. The company saw a $300 million improvement in net outflows quarter-over-quarter, again, driven primarily by the increasing gross sales. Revenue increased 2.5%, primarily due to management fees and improvement in mutual fund performance fees. For the 12 months, the company expects to generate good free cash flow, $222 million over the preceding 12 months.

Janus Capital Group, Inc. to Report Q3, 2014 Results on Oct 23, 2014

Janus Capital Group, Inc. announced that they will report Q3, 2014 results at 10:00 AM, Eastern Daylight on Oct 23, 2014

Janus Capital Group, Inc., Q3 2014 Earnings Call, Oct 23, 2014

Janus Capital Group, Inc., Q3 2014 Earnings Call, Oct 23, 2014

Janus Capital Group, Inc. Announces Executive Appointments

Janus Capital Group Inc. announced that William H. Gross, world-renowned fixed income investor, will be joining the company. He will manage a recently launched Janus Global Unconstrained Bond Fund and related strategies, and will join Myron Scholes, Ph.D., and other members of the Janus team focused on global asset allocation. Mr. Gross' employment will be effective September 29, 2014 and he will begin managing the Janus Global Unconstrained Bond Fund and related strategies effective from October 6, 2014. Mr. Gross will be based in a new Janus office to be established in Newport Beach, California and will be responsible for building-out the firm's efforts in global macro fixed income strategies. His concentration on such strategies will be separate and complementary to Janus' existing and highly successful credit-based fixed income platform, built under the leadership of Janus' Fixed Income Chief Investment Officer, Gibson Smith.

 

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JNS

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Valuation JNS Industry Range
Price/Earnings 19.8x
Price/Sales 2.9x
Price/Book 1.7x
Price/Cash Flow 16.5x
TEV/Sales 1.6x
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