Teton Expects to Report Diluted EPS for the Third Quarter 2024 of $0.14 to $0.24 Per Share
Teton Advisors (OTCQX: TETAA) has announced its preliminary financial results for the third quarter of 2024. The company's assets under management (AUM) increased to $1.4 billion as of September 30, 2024, up from $1.3 billion a year earlier. Teton expects to report gross revenue of $3.1 million, unchanged from Q3 2023. Net investment advisory fees, the primary source of operating revenue, are anticipated to be $2.7 million, slightly down from $2.8 million in Q3 2023.
The company projects diluted earnings per share (EPS) between $0.14 and $0.24 for Q3 2024, compared to $0.21 in Q3 2023. The $0.10 range is attributed to uncertainties in tax provisions and amortization effects from a recent private client business acquisition. Teton's Board has approved a $500,000 share repurchase plan on October 3, 2024. Full financial details will be released in early November.
Teton Advisors (OTCQX: TETAA) ha annunciato i risultati finanziari preliminari per il terzo trimestre del 2024. Gli attivi in gestione (AUM) della società sono aumentati a 1,4 miliardi di dollari al 30 settembre 2024, rispetto a 1,3 miliardi di dollari un anno prima. Teton prevede di riportare ricavi lordi di 3,1 milioni di dollari, invariati rispetto al terzo trimestre del 2023. Le commissioni nette di consulenza agli investimenti, la principale fonte di ricavi operativi, dovrebbero essere 2,7 milioni di dollari, leggermente in calo rispetto ai 2,8 milioni di dollari del terzo trimestre 2023.
La società prevede utili per azione (EPS) diluiti tra 0,14 e 0,24 dollari per il terzo trimestre del 2024, rispetto a 0,21 dollari nel terzo trimestre 2023. L'intervallo di 0,10 dollari è attribuito a incertezze nelle disposizioni fiscali e agli effetti di ammortamento derivanti da un recente acquisto di un'attività con clienti privati. Il Consiglio di Teton ha approvato un programma di riacquisto di azioni da 500.000 dollari il 3 ottobre 2024. I dettagli finanziari completi saranno rilasciati all'inizio di novembre.
Teton Advisors (OTCQX: TETAA) ha anunciado sus resultados financieros preliminares para el tercer trimestre de 2024. Los activos bajo gestión (AUM) de la compañía aumentaron a 1.4 mil millones de dólares al 30 de septiembre de 2024, en comparación con 1.3 mil millones de dólares un año antes. Teton espera reportar ingresos brutos de 3.1 millones de dólares, sin cambios respecto al tercer trimestre de 2023. Las tarifas netas de asesoramiento de inversiones, la principal fuente de ingresos operativos, se anticipan en 2.7 millones de dólares, ligeramente por debajo de 2.8 millones de dólares en el tercer trimestre de 2023.
La compañía proyecta ganancias por acción (EPS) diluidas entre 0.14 y 0.24 dólares para el tercer trimestre de 2024, en comparación con 0.21 dólares en el tercer trimestre de 2023. El rango de 0.10 dólares se atribuye a incertidumbres en las provisiones fiscales y efectos de amortización de una reciente adquisición de negocio de clientes privados. La Junta de Teton ha aprobado un plan de recompra de acciones de 500,000 dólares el 3 de octubre de 2024. Los detalles financieros completos se darán a conocer a principios de noviembre.
Teton Advisors (OTCQX: TETAA)는 2024년 3분기 금융 결과를 발표했습니다. 2024년 9월 30일 기준으로 회사의 운용 자산(AUM)이 14억 달러로 증가했으며, 이는 작년 13억 달러에서의 상승입니다. Teton은 310만 달러의 총 수익을 보고할 것으로 예상하고 있으며, 이는 2023년 3분기와 변동이 없습니다. 운영 수익의 주요 출처인 순 투자 자문 수수료는 270만 달러로 예상되며, 이는 2023년 3분기 280만 달러보다 약간 감소한 수치입니다.
회사는 2024년 3분기 희석 주당 순이익(EPS) 0.14에서 0.24달러 범위를 예상하고 있으며, 이는 2023년 3분기 0.21달러와 비교됩니다. 0.10달러의 범위는 세금 조항의 불확실성과 최근 개인 고객 비즈니스 인수로 인한 상각 효과에서 기인합니다. Teton 이사회는 2024년 10월 3일에 50만 달러의 자사주 매입 계획을 승인했습니다. 전체 금융 세부 사항은 11월 초에 발표될 예정입니다.
Teton Advisors (OTCQX: TETAA) a annoncé ses résultats financiers préliminaires pour le troisième trimestre 2024. Les actifs sous gestion (AUM) de l'entreprise ont augmenté à 1,4 milliard de dollars au 30 septembre 2024, contre 1,3 milliard de dollars un an plus tôt. Teton prévoit de déclarer des revenus bruts de 3,1 millions de dollars, inchangés par rapport au T3 2023. Les honoraires nets de conseil en investissement, qui constituent la principale source de revenus d'exploitation, devraient s'élever à 2,7 millions de dollars, légèrement en baisse par rapport à 2,8 millions de dollars au T3 2023.
L'entreprise projette des bénéfices par action dilués (EPS) entre 0,14 et 0,24 dollars pour le T3 2024, contre 0,21 dollars pour le T3 2023. L'intervalle de 0,10 dollar est attribué à des incertitudes concernant les dispositions fiscales et les effets d'amortissement liés à un récent rachat d'une activité de clientèle privée. Le conseil d'administration de Teton a approuvé un plan de rachat d'actions de 500 000 dollars le 3 octobre 2024. Les détails financiers complets seront publiés début novembre.
Teton Advisors (OTCQX: TETAA) hat seine vorläufigen Finanzergebnisse für das dritte Quartal 2024 bekannt gegeben. Die verwalteten Vermögenswerte (AUM) des Unternehmens sind zum 30. September 2024 auf 1,4 Milliarden Dollar gestiegen, verglichen mit 1,3 Milliarden Dollar im Vorjahr. Teton erwartet, bruttoeinnahmen von 3,1 Millionen Dollar zu melden, unverändert im Vergleich zum 3. Quartal 2023. Die Nettohonorare für Anlagerat sind die Hauptquelle der Betriebseinnahmen und werden voraussichtlich 2,7 Millionen Dollar betragen, leicht gesunken von 2,8 Millionen Dollar im 3. Quartal 2023.
Das Unternehmen prognostiziert verwässerte Gewinnausschüttungen pro Aktie (EPS) zwischen 0,14 und 0,24 Dollar für das 3. Quartal 2024, verglichen mit 0,21 Dollar im 3. Quartal 2023. Der Bereich von 0,10 Dollar ist auf Unsicherheiten bei Steuerregelungen und Amortisationseffekten einer kürzlichen Übernahme eines Privatkundengeschäfts zurückzuführen. Der Vorstand von Teton hat am 3. Oktober 2024 einen Aktienrückkaufplan über 500.000 Dollar genehmigt. Vollständige Finanzdetails werden Anfang November veröffentlicht.
- Assets under management (AUM) increased to $1.4 billion, up from $1.3 billion year-over-year
- Gross revenue maintained at $3.1 million, on par with Q3 2023
- Board approved a $500,000 share repurchase plan
- Net investment advisory fees decreased to $2.7 million from $2.8 million in Q3 2023
- Projected EPS range of $0.14 to $0.24 includes potential for lower earnings compared to $0.21 in Q3 2023
- Uncertainty in tax provisions and amortization effects from recent acquisition
Teton expects to report gross revenue for the third quarter of 2024 of
Teton’s operating revenue is primarily derived from its net investment advisory fees which were
Teton expects to report diluted earnings for the third quarter of 2024 in the range of
Teton will be issuing further details of its financial results in early November.
On October 3, 2024, Teton’s Board approved a
About Teton Advisors, Inc.
Teton Advisors, Inc. is a specialist in smaller company investing, serving a diverse client base of institutional, high net worth and mutual fund investors under brands including Teton Westwood, Gabelli and Keeley. The company was founded on a commitment to uncover value by focusing on companies that are misunderstood or ignored by the market utilizing methodologies developed by investment pioneers Mario Gabelli and John L. Keeley, Jr. As active, fundamental investors, the Teton portfolio teams think independently and focus on identifying short-term market inefficiencies to generate long-term alpha. Teton's investment professionals share in the belief that being different is the cornerstone to discovering hidden value in equities. The Teton time-tested investment approaches can help set apart your client portfolios, delivering differentiated attributes to round out a broader portfolio. From modest beginnings over 40 years ago, to today, The Disciplined Discovery of Value(TM) has shaped the cornerstone for our clients' long-term success.
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Patrick Huvane, CPA, CFA
Chief Financial Officer
(914) 457-1074
For further information, please visit: www.tetonadv.com
Source: Teton Advisors, Inc.
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