earnings
confidence high
sentiment negative
materiality 0.55
Hennessy Advisors Q3 revenue down 19%, EPS down 43%; declares dividend, expands buyback
HENNESSY ADVISORS INC
2022-Q3 EPS reported
$0.63
revenue$23,188,000
- Revenue $6.9M (-19% YoY); net income $1.3M (-42%); diluted EPS $0.17 (-43%).
- Average AUM $3.4B (-17%); total AUM $3.2B (-23%).
- Cash net of debt $17.2M (+23%); dividend $0.1375/share (5.3% yield) payable Aug 31.
- Stock buyback authorized increased to 2M total shares; 1.1M remain available.