Legg Mason (LM) Stock Price, News & Analysis

Legg Mason, Inc. (NYSE:LM) announced its earnings results on Monday, July, 27th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The asset manager earned $666.20 million during the quarter, compared to analysts' expectations of $678.92 million. Legg Mason had a net margin of 8.86% and a trailing twelve-month return on equity of 8.87%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share.

Legg Mason (NYSE:LM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.20%. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LM will have a dividend payout ratio of 44.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Legg Mason investors own include AbbVie (ABBV), Bristol-Myers Squibb (BMY), Diebold Nixdorf (DBD), Chicago Bridge Iron (CBI), KKR & Co. Inc. (KKR), AT&T (T), Altria Group (MO), Bank of America (BAC), Cisco Systems (CSCO) and Gilead Sciences (GILD).