For its second fiscal quarter (ending April 30), Artio Global Investors Inc (NASDAQ: AVGO) has reported a -46% decline in E.P.S. from $8.39 a year ago to $4.56 in the current quarter. This performance was $-9.37 short of the consensus estimate of $13.93. For the latest four quarters through April 30, E.P.S. were $23.94 compared to $32.86 a year ago — a decline of -27%.
Recent Price Action
On 6/12/24, Artio Global Investors Inc (NASDAQ: AVGO) stock enjoyed a large increase of 2.4%, closing at $1495.51. Moreover, this advance was accompanied by exceptionally high trading volume at 215% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.4% during the last week.
Current PriceTarget Research Rating
AVGO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Broadcom has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Broadcom has a neutral Appreciation Score of 45 but a very high Power Rating of 97, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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