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Fly News Breaks for December 28, 2018
JMP
Dec 28, 2018 | 12:04 EDT
Barrington analyst Alexander Paris maintained an Outperform rating on JM P Group, but lowered his Q4 and FY18 estimates on the company "to reflect the impact of the markets and current industry trends on its business" in Q4. Paris lowered his Q4 EPS estimate to 6c from 9c, his Q4 revenue estimate to $31.1M from $33.6M, and his Q4 operating income estimate to $1.4M from 2.3M. The analyst kept an Outperform rating on shares, however, citing JMP Group's 8.9% dividend yield and the fact the stock trades at a discount to both the small cap broker/dealer peer group and the alternative advisory peer group.
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