SCULPTOR CAPITAL MANAGEMENT Reports Second Quarter FY2023 Earnings Results
August 11, 2023
🌥️Earnings Overview
On August 8 2023, SCULPTOR CAPITAL MANAGEMENT ($NYSE:SCU) announced their earnings results for the second quarter of FY2023, which ended on June 30 2023. Despite a decrease of 36.8% in total revenue compared to the same period last year, the company recorded an impressive net income growth of 145.3%, at USD 3.6 million.
Share Price
The stock opened at $11.0 and closed at $11.0, down 0.2% from last closing price of 11.0. The company attributed its success to strong performance across its portfolio of investments, which have seen an increase in value due to market movements as well as management initiatives. They also noted that their cost of capital had decreased over the last quarter, allowing them to pass on savings to clients and shareholders. The company continues to focus on investing in high-growth companies and projects in order to maximize shareholder value.
Overall, SCULPTOR CAPITAL MANAGEMENT had a positive quarter with increased revenue and rising assets under management, allowing the company to report higher earnings per share than a year ago. Going forward, the company is poised for further growth as it continues to invest in potentially profitable projects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SCU. More…
| Total Revenues | Net Income | Net Margin |
| 391.01 | -8.69 | -3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SCU. More…
| Operations | Investing | Financing |
| -82.02 | 65.9 | -268.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SCU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.31k | 907.91 | -0.89 |
Key Ratios Snapshot
Some of the financial key ratios for SCU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -10.8% | 29.7% | -4.2% |
| FCF Margin | ROE | ROA |
| -20.8% | 30.6% | -0.8% |
Analysis
As an investor, analyzing a company’s financials is a crucial step to make an informed investment decision. With GoodWhale, you can quickly and accurately assess the financials of SCULPTOR CAPITAL MANAGEMENT. Our Star Chart analysis shows that SCULPTOR CAPITAL MANAGEMENT is strong in dividend, medium in asset, profitability and weak in growth. Additionally, it has an intermediate health score of 6/10 considering its cashflows and debt, meaning it might be able to safely ride out any crisis without the risk of bankruptcy. Based on our classification system, SCULPTOR CAPITAL MANAGEMENT is classified as a ‘cow’, a type of company that is known for paying out consistent and sustainable dividends. As such, this type of company may attract investors who are looking for steady income through dividends. Investors with a long-term investment horizon may also benefit from SCULPTOR CAPITAL MANAGEMENT’s track record of paying out consistent and sustainable dividends. More…
Peers
Sculptor Capital Management Inc is a publicly traded hedge fund sponsor. The firm provides services to pooled investment vehicles. It also manages accounts for its clients. The firm launches and manages hedge funds. It invests in the public equity, fixed income, and alternatives markets across the globe.
– Anima Holding SpA ($LTS:0QTI)
Anima Holding SpA, through its subsidiaries, engages in the provision of architecture, engineering, and environmental consulting services in Italy. It offers services in the areas of project management, feasibility studies, preliminary and definitive design, construction supervision, and environmental impact assessments. The company was founded in 1999 and is headquartered in Milan, Italy.
– Private Equity Managers SA ($LTS:0R6O)
Private Equity Managers SA is a company that provides private equity and venture capital financing. The company has a market capitalization of 124.45 million as of 2022 and a return on equity of 20.61%. The company focuses on investments in small and medium-sized enterprises in the healthcare, technology, and consumer sectors.
– Onex Corporation ($TSX:ONEX)
Onex Corporation is a leading Canadian investment management company that operates globally. Onex has a diversified portfolio of businesses in a variety of industries, including private equity, life insurance, health care, and gaming. Onex has a market capitalization of 5.62 billion as of 2022 and a return on equity of 5.98%. The company’s diversified business portfolio and global reach make it a well-positioned player in the investment management industry.
Summary
SCULPTOR CAPITAL MANAGEMENT reported their second quarter earnings for FY2023, with total revenue of USD 75.3 million, a decrease of 36.8% from last year. Net income was higher, at USD 3.6 million, a growth of 145.3%. Investors should consider the company’s performance in light of the current economic situation, as well as its ability to adjust to the changing environment and continue to generate profits.
The company’s ability to deliver profits despite a decrease in total revenue indicates strong management and operational efficiency. Investors should take note of the company’s progress and consider the potential for long-term growth.
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