Artio Global Investors Inc (NASDAQ: AVGO) has reported a loss for its third fiscal quarter (ending July 31) of $-0.31 versus $8.00 for the same period a year ago — a decline of -104%. Relative to the consensus estimate of $1.20, this was a shortfall of $-1.51. For the latest four quarters through July 31, E.P.S. were $1.28 compared to $33.50 a year ago — a decline of -96%.
Recent Price Action
Artio Global Investors Inc (NASDAQ: AVGO) stock declined slightly by -0.8% on 9/5/24. The stock closed at $152.82. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.3% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Broadcom has a neutral Appreciation Score of 47 but a very high Power Rating of 97, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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