01:38 PM EDT, 06/20/2024 (MT Newswires) -- AGF Management reports its second quarter results on June 26.

BMO is looking for second quarter EBITDA of $35.3 million ($35.5 million consensus), and earnings per share of $0.34 (consensus $0.34).

Analyst Tom MacKinnon expects net outflows of $50 million, reflecting the challenging environment in the mutual fund industry.

"After recently increasing our go-forward EPS estimates 2.5% reflecting better clarity into the recent Kensington acquisition (closed March 8), we again slightly raise 2024E/2025E EPS estimates reflecting better-than-expected Q2/24 AUM and the impact of modest Q2/24 share buybacks."

AGF is rated Market Perform, with a $9 target.

Price: 8.45, Change: +0.01, Percent Change: +0.12