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Legg Mason (LM) Tops Q4 Earnings Estimates

Legg Mason (LM) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 32.08%. A quarter ago, it was expected that this money manager would post earnings of $0.69 per share when it actually produced earnings of $0.73, delivering a surprise of 5.80%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Legg Mason, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $692.61 million for the quarter ended March 2019, missing the Zacks Consensus Estimate by 1%. This compares to year-ago revenues of $785.05 million. The company has topped consensus revenue estimates just once over the last four quarters.

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https://finance.yahoo.com/news/legg-maso...09419.html

Here's Why Legg Mason (LM) is a Great Momentum Stock to Buy


Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
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https://www.zacks.com/stock/news/443732/...-FT-443732

Franklin Resources to Buy Legg Mason for $4.5 Billion

Franklin Resources will buy rival asset manager Legg Mason for $50 cash per share.

https://www.thestreet.com/investing/stoc...yptr=yahoo