Associated Capital Group, Inc. Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2018
October 15, 2018 at 09:05 pm
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Associated Capital Group, Inc. announced its estimated financial results for the third quarter and nine months ended September 30, 2018. Diluted LPS for the third quarter is expected to be within the range of $0.31 to $0.35 compared to EPS of $0.06 for the third quarter of 2017.
Year-to-date LPS is expected to be within the range of $0.75 to $0.79 compared to $0.29 for the prior period. GAAP book value is expected to be within the range of $40.19 to $40.23 per share at September 30, 2018, up from $38.84 at December 31, 2017.
Associated Capital Group, Inc. is a diversified global financial services company. The Company provides alternative investment management services and operates a direct investment business that invests in businesses that fit its criteria over time. The Company conducts its investment management activities through its wholly owned subsidiary Gabelli & Company Investment Advisers, Inc. (GCIA) and its wholly owned subsidiary, Gabelli & Partners, LLC (Gabelli & Partners). GCIA and Gabelli & Partners together serve as general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. It primarily manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. It serves a variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments.
ASSOCIATED CAPITAL GROUP, INC. 
