Legg Mason Inc (NYSE:LM) Expected to Announce Quarterly Sales of $707.96 Million – Sundance Herald
Legg Mason posted sales of $747.91 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. On average, analysts expect that Legg Mason will report full-year sales of $2.90 billion for the current year, with estimates ranging from $2.88 billion to $2.93 billion. For the next fiscal year, analysts expect that the company will post sales of $2.97 billion, with estimates ranging from $2.87 billion to $3.04 billion. Several hedge funds and other institutional investors have recently bought and sold shares of LM. Norges Bank purchased a new stake in shares of Legg Mason during the fourth quarter worth about $26,074,000. Los Angeles Capital Management & Equity Research Inc. now owns 298,870 shares of the asset manager’s stock worth $8,180,000 after purchasing an additional 235,890 shares in the last quarter.