Legg Mason (LM) Stock Price, News & Analysis

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