earnings
confidence high
sentiment negative
materiality 0.72
Hennessy Advisors FY2022 revenue down 9.4% to $29.7M; EPS falls 23% to $0.82
HENNESSY ADVISORS INC
- Net income $6.2M (-21.7% YoY); diluted EPS $0.82 vs $1.07.
- Total AUM $2.9B, down 28.8%; average AUM $3.6B (-8.6%).
- Cash net of debt $18.2M, up 15.2%; dividend coverage reaffirmed.
- Acquiring Stance Equity ESG Large Cap Core ETF (STNC) expected to close Dec 2022.