View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsAvantax 과거 순이익 실적과거 기준 점검 2/6Avantax의 수입은 연평균 -2.9%의 비율로 감소해 온 반면, Capital Markets 산업은 수입이 연평균 6.1% 증가했습니다. 매출은 연평균 0.8%의 비율로 증가해 왔습니다. Avantax의 자기자본이익률은 0.06%이고 순이익률은 0.03%입니다.핵심 정보-2.94%순이익 성장률-3.01%주당순이익(EPS) 성장률Capital Markets 산업 성장률10.26%매출 성장률0.78%자기자본이익률0.059%순이익률0.033%최근 순이익 업데이트30 Sep 2023최근 과거 실적 업데이트Reported Earnings • Nov 07Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: US$0.04 loss per share (improved from US$0.46 loss in 3Q 2022). Revenue: US$192.3m (up 12% from 3Q 2022). Net loss: US$1.50m (loss narrowed 93% from 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.093 (down from US$0.83 in 2Q 2022). Revenue: US$186.9m (down 27% from 2Q 2022). Net income: US$3.58m (down 91% from 2Q 2022). Profit margin: 1.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Aug 01Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023Avantax, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.006 loss per share (down from US$0.71 profit in 1Q 2022). Revenue: US$178.0m (down 42% from 1Q 2022). Net loss: US$248.0k (down 101% from profit in 1Q 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)Full year 2022 results: EPS: US$0.065 (down from US$0.16 in FY 2021). Revenue: US$666.5m (down 25% from FY 2021). Net income: US$3.12m (down 60% from FY 2021). Profit margin: 0.5% (down from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Feb 07Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023Avantax, Inc. announced that they will report Q4, 2022 results After-Market on Feb 15, 2023모든 업데이트 보기Recent updates공시 • Nov 27Avantax Appoints Andrew Erickson as Independent Financial AdvisorAvantax® Inc. appointed independent financial advisor Andrew Erickson, CFP® CEPA®, founder of ClearGuide Wealth LLC. Based in the Chicagoland area, Erickson transferred to Avantax after eight years with Edward Jones, where he had approximately $143 million in client assets under administration as of July 30, 2024. Erickson joined Avantax because of its commitment to tax-focused financial planning, and so he could offer his clients a wider array of investment products and services. Formerly an Ivy League collegiate football player at Dartmouth College, Erickson was also drawn to Avantax by its spirit of teamwork. In addition to being a CFP® certificant, Erickson holds the Certified Exit Planning Advisor (CEPA®) credential from the Exit Planning Institute®. The CEPA® curriculum is designed for financial professionals “who want to effectively engage more business owners.” Erickson said he believes that his exit-planning certification, along with the tax lens Avantax uses for financial planning and wealth management, puts him in a strong position to continually improve the client experience.공시 • Dec 07Avantax, Inc. Files Form 15Avantax, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.0001 per share.공시 • Nov 30+ 6 more updatesAvantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500Avantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500공시 • Nov 29+ 1 more updateAretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.Aretec Group, Inc. entered into confidentiality agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders on June 7, 2023. Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders for $960 million on September 9, 2023. As part of consideration, each share of the Avantax’s common stock issued and outstanding will be canceled and converted into the right to receive $26 in cash. Pursuant to a debt commitment letter, dated September 9, 2023, the commitment parties party to that letter committed to provide Avantax with debt financing of approximately $2,691.5 million to fund the transaction. Avantax will pay to Aretec a termination fee equal to $32.3 million if merger agreement is validly terminated. Aretec will pay to Avantax a termination fee equal to $82.1 million if merger agreement is validly terminated. Upon completion of the transaction, Avantax will become a privately held company, and its common stock will no longer be traded on Nasdaq. As of November 6, 2023, after the transaction is completed, Christopher Walters, Chief Executive Officer, Marc Mehlman, Chief Financial Officer and Treasurer, and Tabitha Bailey, Chief Legal Officer and Corporate Secretary will step down from their roles. The transaction is subject to Aretec and Avantax shareholders approval, the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and regulatory approvals. The Avantax board of directors approved the transaction. The Aretec board of directors approved the transaction. The Avantax Board established a transaction committee of the Board (the “Transaction Committee”), comprised of J. Richard Leaman III (as chair), Georganne C. Proctor and Mark Ernst. Transaction was approved by stockholders of Avantax at a special meeting of stockholders of Avantax held on November 21, 2023. The transaction is expected to close by the end of 2023. PJT Partners LP acted as financial advisor and fairness opinion provider to Avantax. PJT Partners is entitled to receive from Avantax, a transaction fee of approximately $24 million and $3 million as opinion fee. Jeffrey R. Poss, Manuel A. Miranda and Thomas Sharkey of Willkie Farr & Gallagher acted as legal advisor to Cetera. Dan Malone, Tom Tippetts, Daniel P. Malone and Tom Tippetts of Haynes and Boone acted as legal advisor to Avantax. Beth E. Berg and Scott R. Williams of Sidley Austin acted as legal advisor to Avantax. Morgan Stanley & Co. is serving as financial advisor to Cetera Financial Group. UBS Investment Bank and BMO Capital Markets served as co-advisors to Cetera. Willkie Farr & Gallagher LLP is acting as legal advisor to Cetera and Morrow & Co., LLC is acting as proxy solicitor to Avantax. Avantax will pay Morrow Sodali a fee of approximately $25,000 plus reimbursement of certain specified out-of-pocket expenses. Computershare Shareowner Services LLC is acting as transfer agent to Avantax. Latham & Watkins LLP advised PJT Partners, as financial advisor to Avantax. Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders on November 27, 2023. The holders of approximately 81% of the outstanding shares of Avantax common stock entitled to vote thereon approved the transaction.Major Estimate Revision • Nov 13Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.393 to US$0.225 per share. Revenue forecast steady at US$752.6m. Net income forecast to grow 11,251% next year vs 14% growth forecast for Capital Markets industry in the US. Consensus price target of US$28.00 unchanged from last update. Share price was steady at US$25.92 over the past week.New Risk • Nov 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results.Reported Earnings • Nov 07Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: US$0.04 loss per share (improved from US$0.46 loss in 3Q 2022). Revenue: US$192.3m (up 12% from 3Q 2022). Net loss: US$1.50m (loss narrowed 93% from 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 12Price target decreased by 8.0% to US$28.67Down from US$31.17, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$25.58. The company is forecast to post earnings per share of US$0.40 for next year compared to US$0.065 last year.공시 • Sep 12Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million.Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million on September 9, 2023. As part of consideration, each share of the Avantax’s common stock issued and outstanding will be canceled and converted into the right to receive $26 in cash. Pursuant to a debt commitment letter, dated September 9, 2023, the commitment parties party to that letter committed to provide Avantax with debt financing of approximately $2,691.5 million to fund the transaction. Avantax will pay to Aretec a termination fee equal to $32.3 million if merger agreement is validly terminated. Aretec will pay to Avantax a termination fee equal to $82.1 million if merger agreement is validly terminated. Upon completion of the transaction, Avantax will become a privately held company, and its common stock will no longer be traded on Nasdaq. The Avantax board of directors approved the transaction. The Aretec board of directors approved the transaction. The transaction is subject to Aretec and Avantax shareholders approval, he expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, regulatory approvals. The transaction is expected to close by the end of 2023. PJT Partners LP acted as financial advisor to Avantax. Jeffrey R. Poss, Manuel A. Miranda and Thomas Sharkey of Willkie Farr & Gallagher acted as legal advisor to Cetera. Dan.Malone, Tom.Tippetts, Daniel P. Malone and Tom Tippetts of Haynes and Boone acted as legal advisor to Avantax. Beth E. Berg and Scott R. Williams of Sidley Austin acted as legal advisor to Avantax. Morgan Stanley & Co. is serving as financial advisor to Cetera Financial Group. UBS Investment Bank and BMO Capital Markets served as co-advisors to Cetera.New Risk • Aug 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.093 (down from US$0.83 in 2Q 2022). Revenue: US$186.9m (down 27% from 2Q 2022). Net income: US$3.58m (down 91% from 2Q 2022). Profit margin: 1.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Aug 01Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023Avantax, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023공시 • Jul 12Avantax Reportedly Working with Adviser to Explore Possible SaleAvantax, Inc. (NasdaqGS:AVTA) rose 5% amid a report that the wealth-management software firm is exploring options, including a possible sale. Avantax, formerly known as Blucora, is working with an adviser as it seeks interest from potential bidders, according to a Bloomberg report, which cited people familiar with the matter. The company could still decide to remain independent. A potential sale comes after activist Engine Capital said last month that Avantax (AVTA) should start exploring alternatives, including a potential sale. Engine Capital, which owns a 2% stake in AVTA, argued that the company could fetch between $27 and $32 per share.Recent Insider Transactions Derivative • May 28President exercised options and sold US$128k worth of stockOn the 23rd of May, Christopher Walters exercised 15.57k options at around US$8.96, then sold 10k of the shares acquired at an average of US$21.75 per share and kept the remainder. For the year to December 2016, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Christopher's direct individual holding has increased from 225.83k shares to 226.95k. Company insiders have collectively sold US$256k more than they bought, via options and on-market transactions in the last 12 months.공시 • May 24Avantax Promotes Jennifer Hutchins to Co-Chief Investment OfficerAvantax announced the promotion of Jennifer Hutchins, CFA®, to Co-Chief Investment Officer (CIO) alongside Ivan Gruhl, CFA®. Hutchins and Gruhl report to Andy Watts, CFP®, Vice President, Planning and Growth Solutions. Hutchins, who has been a valued contributor to Avantax and its predecessor companies for more than 8 years, will lead Portfolio Management and Diligence while Gruhl will continue leading Investment Consulting, as well as Research and Trading. As Co-CIOs, Gruhl and Hutchins will enhance the firm’s client-facing Investment Management Services presence as Financial Professionals and investors navigate market volatility and economic turbulence. Their leadership will empower a robust portfolio management, research and diligence team of 12 to best serve the unique needs of the Avantax Community, including financial advisors, CPAs, Enrolled Agents, other Financial Professionals and their staff.공시 • May 19Avantax, Inc. Appoints Bruce Tuckey and Dave Renko as Regional Recruiting DirectorAvantax, Inc. announced the expansion of its business development team adding Bruce Tuckey and Dave Renko as regional recruiting directors. Dave Renko, Charlotte, NC: Renko joins Avantax as the Regional Director of Recruiting serving the Southeast. Renko brings a competitive approach to the team, with 30 years of experience in the industry. He most recently served as a senior recruiter at Cetera, following roles at Woodforest National Bank, Morgan Stanley, Bank of America, and Cannon Financial Institute. Bruce Tuckey, Detroit, MI: Tuckey joins Avantax as a Regional Director of Recruiting to recruit financial advisors, CPAs, enrolled agents, and tax professionals in the Great Lakes Region. He brings more than 40 years of experience in accounting and financial services, including served as a Regional Director of Business Development for LPL Financial from 2011 to 2019. He is a CPA and served as a financial advisor at PNC Investments and Merrill Lynch. In their new roles, Tuckey and Renko will report directly to Laurie Stack, Vice President, Business Development at Avantax.공시 • May 10Avantax, Inc. Provides Earnings Guidance for the Full Year 2023Avantax, Inc. provided earnings guidance for the full year 2023. For the year, the company expects revenue in the range of $750.0 million - $758.0 million, Net Income in the range of $25.5 million- $40.1 million and Net Income per share — Diluted in the range of $0.63 - $0.96.Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.006 loss per share (down from US$0.71 profit in 1Q 2022). Revenue: US$178.0m (down 42% from 1Q 2022). Net loss: US$248.0k (down 101% from profit in 1Q 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Mar 09Insider recently sold US$247k worth of stockOn the 28th of February, Stacy Murray sold around 8k shares on-market at roughly US$29.04 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$128k more than they bought in the last 12 months.공시 • Feb 17Avantax, Inc. Provides Earnings Guidance for the Full Year 2023Avantax, Inc. provided earnings guidance for the full year 2023. For the year, company expects revenue to be in range of $750.0 million to $758.0 million, Net income to be in range of $25.5 million to $40.1 million and net income per share diluted to be in range of $0.63 to $0.96.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)Full year 2022 results: EPS: US$0.065 (down from US$0.16 in FY 2021). Revenue: US$666.5m (down 25% from FY 2021). Net income: US$3.12m (down 60% from FY 2021). Profit margin: 0.5% (down from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Feb 09Avantax, Inc. Appoints Melissa Loner as Chief Compliance OfficerAvantax announced the appointment of Melissa Loner, AIF® as Vice President and Chief Compliance Officer. With more than 25 years of experience in the financial services industry, Loner has worked as a financial planner in addition to numerous corporate leadership roles. She has spent a significant portion of her career in the Home Office of various independent firms, working in due diligence, marketing, transitions, operations, supervision, compliance, and fiduciary services. Loner joins Avantax from Premier Wealth Management® where she was Executive Vice President, Advisor Services; previously, Loner was Vice President, Fiduciary Services and RIA Chief Compliance Officer, for Cambridge Investment Research, Inc.공시 • Feb 07Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023Avantax, Inc. announced that they will report Q4, 2022 results After-Market on Feb 15, 2023공시 • Jan 27Avantax, Inc. Announces Executive ChangesAvantax, Inc. announced that Tabitha Bailey has been appointed Chief Legal Officer and Corporate Secretary, succeeding Ann J. Bruder, who has stepped down from her role as Chief Legal, Development and Administration Officer after nearly six years in the role. Ms. Bruder has agreed to continue to work with Avantax in a consulting role through the end of June to support the transition. Ms. Bailey joined Avantax in November 2020 as Vice President, Legal Affairs and SEC Counsel. Prior to Avantax, Ms. Bailey spent just under two years as Vice President, General Counsel and Corporate Secretary at TransAtlantic Petroleum Ltd. Earlier in her career, she worked in private practice for seven years. She received her Juris Doctorate degree from Vanderbilt University Law School and Bachelor of Arts degree in International Studies from the University of Mississippi.Recent Insider Transactions • Nov 22Independent Director recently bought US$119k worth of stockOn the 17th of November, Kanayalal Kotecha bought around 5k shares on-market at roughly US$23.73 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months.Price Target Changed • Nov 16Price target increased to US$29.00Up from US$24.33, the current price target is an average from 3 analysts. New target price is 21% above last closing price of US$24.02. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$0.16 last year.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Nov 02Price target increased to US$28.00Up from US$25.33, the current price target is an average from 3 analysts. New target price is 20% above last closing price of US$23.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$0.79 for next year compared to US$0.16 last year.Reported Earnings • Nov 02Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.46 loss per share (improved from US$0.57 loss in 3Q 2021). Revenue: US$171.7m (down 1.4% from 3Q 2021). Net loss: US$21.8m (loss narrowed 21% from 3Q 2021). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$953.8m to US$904.8m. EPS estimate rose from US$0.56 to US$0.78. Net income forecast to grow 182% next year vs 3.1% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price rose 2.1% to US$22.36 over the past week.Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$0.83 (up from US$0.65 in 2Q 2021). Revenue: US$256.9m (up 1.0% from 2Q 2021). Net income: US$39.4m (up 25% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 8.0%, compared to a 2.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 31Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.72 to US$0.58 per share. Revenue forecast steady at US$948.9m. Net income forecast to grow 186% next year vs 0.3% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price rose 8.9% to US$17.69 over the past week.Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.89 to US$0.72 per share. Revenue forecast steady at US$954.4m. Net income forecast to grow 180% next year vs 1.5% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price fell 7.8% to US$15.97 over the past week.Reported Earnings • May 05First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: US$0.71 (up from US$0.57 in 1Q 2021). Revenue: US$307.6m (up 11% from 1Q 2021). Net income: US$34.6m (up 25% from 1Q 2021). Profit margin: 11% (up from 9.9% in 1Q 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 6.6%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions Derivative • Mar 04President of Wealth Management exercised options to buy US$253k worth of stock.On the 2nd of March, Todd Mackay exercised 31.26k options at around US$16.32, then sold 18.44k of them at US$19.87 each and kept the remainder. Since June 2021, Todd's direct individual holding has increased from 98.21k shares to 122.92k. Company insiders have collectively bought US$1.2m more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Feb 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.16 (up from US$7.14 loss in FY 2020). Revenue: US$885.2m (up 17% from FY 2020). Net income: US$7.76m (up US$350.5m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 7.9% while thefunds industry in the US is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Dec 22Independent Director recently bought US$825k worth of stockOn the 15th of December, Mark Ernst bought around 50k shares on-market at roughly US$16.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.2m more in shares than they have sold in the last 12 months.Reported Earnings • Nov 05Third quarter 2021 earnings released: US$0.57 loss per share (vs US$0.55 loss in 3Q 2020)The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: US$174.2m (flat on 3Q 2020). Net loss: US$27.8m (loss widened 6.1% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 05Price target increased to US$25.33Up from US$23.00, the current price target is an average from 2 analysts. New target price is 38% above last closing price of US$18.36. Stock is up 67% over the past year. The company is forecast to post a net loss per share of US$0.14 next year compared to a net loss per share of US$7.14 last year.Executive Departure • Oct 03Independent Director John MacIlwaine has left the companyOn the 22nd of September, John MacIlwaine's tenure as Independent Director ended after 3.2 years in the role. As of June 2021, John still personally held 19.49k shares (US$337k worth at the time). John is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model.Executive Departure • Sep 29Independent Director John MacIlwaine has left the companyOn the 22nd of September, John MacIlwaine's tenure as Independent Director ended after 3.2 years in the role. As of June 2021, John still personally held 19.49k shares (US$337k worth at the time). John is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model.Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS US$0.65 (vs US$1.04 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$254.3m (up 58% from 2Q 2020). Net income: US$31.6m (down 36% from 2Q 2020). Profit margin: 12% (down from 31% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Seeking Alpha • Jul 17Blucora: Investor Day Highlights Improved Medium-Term OutlookBlucora hosted an upbeat investor day event, highlighting its medium-term operating and financial strategies. Medium-term targets look promising but with some conservative assumptions embedded, and plenty of upside remains. With shares trading at undemanding valuations, I see room for a re-rating ahead.Price Target Changed • Jun 17Price target increased to US$23.00Up from US$21.33, the current price target is an average from 2 analysts. New target price is 26% above last closing price of US$18.21. Stock is up 46% over the past year.Major Estimate Revision • Jun 17Consensus EPS estimates increase to -US$0.10The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$855.9m to US$866.8m. EPS estimate increased from -US$0.13 to -US$0.10. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$20.41 to US$22.00. Share price rose 9.7% to US$18.21 over the past week.Reported Earnings • May 07First quarter 2021 earnings released: EPS US$0.57 (vs US$6.60 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$278.4m (up 5.7% from 1Q 2020). Net income: US$27.6m (up US$343.1m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 16New 90-day high: US$17.97The company is up 32% from a price of US$13.59 on 15 December 2020. Outperformed the American market which is up 9.0% over the last 90 days. Exceeded the Capital Markets industry, which is up 21% over the same period. Simply Wall St's valuation model estimates the intrinsic value at US$10.15 per share.분석 기사 • Feb 19Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...Reported Earnings • Feb 19Full year 2020 earnings released: US$7.14 loss per share (vs US$1.00 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$755.0m (up 5.2% from FY 2019). Net loss: US$342.8m (down US$390.9m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Analyst Estimate Surprise Post Earnings • Feb 19Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 9.0%, compared to a 34% growth forecast for the Capital Markets industry in the US.Is New 90 Day High Low • Feb 02New 90-day high: US$17.48The company is up 66% from its price of US$10.54 on 03 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.89 per share.Is New 90 Day High Low • Jan 16New 90-day high: US$16.60The company is up 60% from its price of US$10.35 on 16 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.88 per share.Is New 90 Day High Low • Dec 31New 90-day high: US$16.04The company is up 69% from its price of US$9.47 on 01 October 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.84 per share.Is New 90 Day High Low • Dec 10New 90-day high: US$13.86The company is up 37% from its price of US$10.10 on 10 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$7.94 per share.분석 기사 • Nov 30Read This Before Selling Blucora, Inc. (NASDAQ:BCOR) SharesWe often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...Price Target Changed • Nov 11Price target raised to US$17.50Up from US$16.00, the current price target is an average from 3 analysts. The new target price is 45% above the current share price of US$12.08. As of last close, the stock is down 40% over the past year.매출 및 비용 세부 내역Avantax가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGS:AVTA 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Sep 237300199930 Jun 237022210931 Mar 23678-12031031 Dec 226663191930 Sep 22445-7094-730 Jun 22455-9898-231 Mar 22546-68110331 Dec 21658-44166830 Sep 21862-192572830 Jun 21863-182552631 Mar 2177002562631 Dec 20546-368136630 Sep 20749-2752483130 Jun 20723-3112393331 Mar 20755-3302273331 Dec 19718482053130 Sep 19670121932730 Jun 19616571832331 Mar 19580611742131 Dec 18560451711930 Sep 18557731702030 Jun 18552741672131 Mar 18533421632031 Dec 17510271552030 Sep 1749931501930 Jun 1749261471931 Mar 1747381421831 Dec 16456-21361830 Sep 16372-101211430 Jun 16292-91091131 Mar 16202-1293831 Dec 15118-1377530 Sep 15-254-2811-830 Jun 15-142-1828-331 Mar 15-31-1243131 Dec 14104-668430 Sep 14640311591930 Jun 14649271571631 Mar 14625271471331 Dec 1391-2663330 Sep 13504291041030 Jun 1347333931031 Mar 1345735861031 Dec 12407236710양질의 수익: AVTA는 $23.6M 규모의 큰 일회성 손실이 있어 30th September, 2023까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: AVTA는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: AVTA는 지난 5년 동안 흑자전환하며 연평균 -2.9%의 수익 성장을 기록했습니다.성장 가속화: AVTA는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: AVTA는 지난해 흑자전환하여 지난 해 수익 성장률을 Capital Markets 업계(36.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: AVTA의 자본 수익률(0.06%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/11/27 17:34종가2023/11/27 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Avantax, Inc.는 11명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexander ParisBarrington Research Associates, Inc.Clayton MoranBenchmark CompanyJoshua SieglerCantor Fitzgerald & Co.8명의 분석가 더 보기
Reported Earnings • Nov 07Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: US$0.04 loss per share (improved from US$0.46 loss in 3Q 2022). Revenue: US$192.3m (up 12% from 3Q 2022). Net loss: US$1.50m (loss narrowed 93% from 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.093 (down from US$0.83 in 2Q 2022). Revenue: US$186.9m (down 27% from 2Q 2022). Net income: US$3.58m (down 91% from 2Q 2022). Profit margin: 1.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Aug 01Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023Avantax, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023
Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.006 loss per share (down from US$0.71 profit in 1Q 2022). Revenue: US$178.0m (down 42% from 1Q 2022). Net loss: US$248.0k (down 101% from profit in 1Q 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)Full year 2022 results: EPS: US$0.065 (down from US$0.16 in FY 2021). Revenue: US$666.5m (down 25% from FY 2021). Net income: US$3.12m (down 60% from FY 2021). Profit margin: 0.5% (down from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Feb 07Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023Avantax, Inc. announced that they will report Q4, 2022 results After-Market on Feb 15, 2023
공시 • Nov 27Avantax Appoints Andrew Erickson as Independent Financial AdvisorAvantax® Inc. appointed independent financial advisor Andrew Erickson, CFP® CEPA®, founder of ClearGuide Wealth LLC. Based in the Chicagoland area, Erickson transferred to Avantax after eight years with Edward Jones, where he had approximately $143 million in client assets under administration as of July 30, 2024. Erickson joined Avantax because of its commitment to tax-focused financial planning, and so he could offer his clients a wider array of investment products and services. Formerly an Ivy League collegiate football player at Dartmouth College, Erickson was also drawn to Avantax by its spirit of teamwork. In addition to being a CFP® certificant, Erickson holds the Certified Exit Planning Advisor (CEPA®) credential from the Exit Planning Institute®. The CEPA® curriculum is designed for financial professionals “who want to effectively engage more business owners.” Erickson said he believes that his exit-planning certification, along with the tax lens Avantax uses for financial planning and wealth management, puts him in a strong position to continually improve the client experience.
공시 • Dec 07Avantax, Inc. Files Form 15Avantax, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.0001 per share.
공시 • Nov 30+ 6 more updatesAvantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500Avantax, Inc.(NasdaqGS:AVTA) dropped from S&P Composite 1500
공시 • Nov 29+ 1 more updateAretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders.Aretec Group, Inc. entered into confidentiality agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders on June 7, 2023. Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders for $960 million on September 9, 2023. As part of consideration, each share of the Avantax’s common stock issued and outstanding will be canceled and converted into the right to receive $26 in cash. Pursuant to a debt commitment letter, dated September 9, 2023, the commitment parties party to that letter committed to provide Avantax with debt financing of approximately $2,691.5 million to fund the transaction. Avantax will pay to Aretec a termination fee equal to $32.3 million if merger agreement is validly terminated. Aretec will pay to Avantax a termination fee equal to $82.1 million if merger agreement is validly terminated. Upon completion of the transaction, Avantax will become a privately held company, and its common stock will no longer be traded on Nasdaq. As of November 6, 2023, after the transaction is completed, Christopher Walters, Chief Executive Officer, Marc Mehlman, Chief Financial Officer and Treasurer, and Tabitha Bailey, Chief Legal Officer and Corporate Secretary will step down from their roles. The transaction is subject to Aretec and Avantax shareholders approval, the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and regulatory approvals. The Avantax board of directors approved the transaction. The Aretec board of directors approved the transaction. The Avantax Board established a transaction committee of the Board (the “Transaction Committee”), comprised of J. Richard Leaman III (as chair), Georganne C. Proctor and Mark Ernst. Transaction was approved by stockholders of Avantax at a special meeting of stockholders of Avantax held on November 21, 2023. The transaction is expected to close by the end of 2023. PJT Partners LP acted as financial advisor and fairness opinion provider to Avantax. PJT Partners is entitled to receive from Avantax, a transaction fee of approximately $24 million and $3 million as opinion fee. Jeffrey R. Poss, Manuel A. Miranda and Thomas Sharkey of Willkie Farr & Gallagher acted as legal advisor to Cetera. Dan Malone, Tom Tippetts, Daniel P. Malone and Tom Tippetts of Haynes and Boone acted as legal advisor to Avantax. Beth E. Berg and Scott R. Williams of Sidley Austin acted as legal advisor to Avantax. Morgan Stanley & Co. is serving as financial advisor to Cetera Financial Group. UBS Investment Bank and BMO Capital Markets served as co-advisors to Cetera. Willkie Farr & Gallagher LLP is acting as legal advisor to Cetera and Morrow & Co., LLC is acting as proxy solicitor to Avantax. Avantax will pay Morrow Sodali a fee of approximately $25,000 plus reimbursement of certain specified out-of-pocket expenses. Computershare Shareowner Services LLC is acting as transfer agent to Avantax. Latham & Watkins LLP advised PJT Partners, as financial advisor to Avantax. Aretec Group, Inc. completed the acquisition of Avantax, Inc. (NasdaqGS:AVTA) from a group of shareholders on November 27, 2023. The holders of approximately 81% of the outstanding shares of Avantax common stock entitled to vote thereon approved the transaction.
Major Estimate Revision • Nov 13Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.393 to US$0.225 per share. Revenue forecast steady at US$752.6m. Net income forecast to grow 11,251% next year vs 14% growth forecast for Capital Markets industry in the US. Consensus price target of US$28.00 unchanged from last update. Share price was steady at US$25.92 over the past week.
New Risk • Nov 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Nov 07Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: US$0.04 loss per share (improved from US$0.46 loss in 3Q 2022). Revenue: US$192.3m (up 12% from 3Q 2022). Net loss: US$1.50m (loss narrowed 93% from 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 12Price target decreased by 8.0% to US$28.67Down from US$31.17, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$25.58. The company is forecast to post earnings per share of US$0.40 for next year compared to US$0.065 last year.
공시 • Sep 12Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million.Aretec Group, Inc. entered into an agreement to acquire Avantax, Inc. (NasdaqGS:AVTA) for $960 million on September 9, 2023. As part of consideration, each share of the Avantax’s common stock issued and outstanding will be canceled and converted into the right to receive $26 in cash. Pursuant to a debt commitment letter, dated September 9, 2023, the commitment parties party to that letter committed to provide Avantax with debt financing of approximately $2,691.5 million to fund the transaction. Avantax will pay to Aretec a termination fee equal to $32.3 million if merger agreement is validly terminated. Aretec will pay to Avantax a termination fee equal to $82.1 million if merger agreement is validly terminated. Upon completion of the transaction, Avantax will become a privately held company, and its common stock will no longer be traded on Nasdaq. The Avantax board of directors approved the transaction. The Aretec board of directors approved the transaction. The transaction is subject to Aretec and Avantax shareholders approval, he expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, regulatory approvals. The transaction is expected to close by the end of 2023. PJT Partners LP acted as financial advisor to Avantax. Jeffrey R. Poss, Manuel A. Miranda and Thomas Sharkey of Willkie Farr & Gallagher acted as legal advisor to Cetera. Dan.Malone, Tom.Tippetts, Daniel P. Malone and Tom Tippetts of Haynes and Boone acted as legal advisor to Avantax. Beth E. Berg and Scott R. Williams of Sidley Austin acted as legal advisor to Avantax. Morgan Stanley & Co. is serving as financial advisor to Cetera Financial Group. UBS Investment Bank and BMO Capital Markets served as co-advisors to Cetera.
New Risk • Aug 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.093 (down from US$0.83 in 2Q 2022). Revenue: US$186.9m (down 27% from 2Q 2022). Net income: US$3.58m (down 91% from 2Q 2022). Profit margin: 1.9% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Aug 01Avantax, Inc. to Report Q2, 2023 Results on Aug 09, 2023Avantax, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023
공시 • Jul 12Avantax Reportedly Working with Adviser to Explore Possible SaleAvantax, Inc. (NasdaqGS:AVTA) rose 5% amid a report that the wealth-management software firm is exploring options, including a possible sale. Avantax, formerly known as Blucora, is working with an adviser as it seeks interest from potential bidders, according to a Bloomberg report, which cited people familiar with the matter. The company could still decide to remain independent. A potential sale comes after activist Engine Capital said last month that Avantax (AVTA) should start exploring alternatives, including a potential sale. Engine Capital, which owns a 2% stake in AVTA, argued that the company could fetch between $27 and $32 per share.
Recent Insider Transactions Derivative • May 28President exercised options and sold US$128k worth of stockOn the 23rd of May, Christopher Walters exercised 15.57k options at around US$8.96, then sold 10k of the shares acquired at an average of US$21.75 per share and kept the remainder. For the year to December 2016, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Christopher's direct individual holding has increased from 225.83k shares to 226.95k. Company insiders have collectively sold US$256k more than they bought, via options and on-market transactions in the last 12 months.
공시 • May 24Avantax Promotes Jennifer Hutchins to Co-Chief Investment OfficerAvantax announced the promotion of Jennifer Hutchins, CFA®, to Co-Chief Investment Officer (CIO) alongside Ivan Gruhl, CFA®. Hutchins and Gruhl report to Andy Watts, CFP®, Vice President, Planning and Growth Solutions. Hutchins, who has been a valued contributor to Avantax and its predecessor companies for more than 8 years, will lead Portfolio Management and Diligence while Gruhl will continue leading Investment Consulting, as well as Research and Trading. As Co-CIOs, Gruhl and Hutchins will enhance the firm’s client-facing Investment Management Services presence as Financial Professionals and investors navigate market volatility and economic turbulence. Their leadership will empower a robust portfolio management, research and diligence team of 12 to best serve the unique needs of the Avantax Community, including financial advisors, CPAs, Enrolled Agents, other Financial Professionals and their staff.
공시 • May 19Avantax, Inc. Appoints Bruce Tuckey and Dave Renko as Regional Recruiting DirectorAvantax, Inc. announced the expansion of its business development team adding Bruce Tuckey and Dave Renko as regional recruiting directors. Dave Renko, Charlotte, NC: Renko joins Avantax as the Regional Director of Recruiting serving the Southeast. Renko brings a competitive approach to the team, with 30 years of experience in the industry. He most recently served as a senior recruiter at Cetera, following roles at Woodforest National Bank, Morgan Stanley, Bank of America, and Cannon Financial Institute. Bruce Tuckey, Detroit, MI: Tuckey joins Avantax as a Regional Director of Recruiting to recruit financial advisors, CPAs, enrolled agents, and tax professionals in the Great Lakes Region. He brings more than 40 years of experience in accounting and financial services, including served as a Regional Director of Business Development for LPL Financial from 2011 to 2019. He is a CPA and served as a financial advisor at PNC Investments and Merrill Lynch. In their new roles, Tuckey and Renko will report directly to Laurie Stack, Vice President, Business Development at Avantax.
공시 • May 10Avantax, Inc. Provides Earnings Guidance for the Full Year 2023Avantax, Inc. provided earnings guidance for the full year 2023. For the year, the company expects revenue in the range of $750.0 million - $758.0 million, Net Income in the range of $25.5 million- $40.1 million and Net Income per share — Diluted in the range of $0.63 - $0.96.
Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.006 loss per share (down from US$0.71 profit in 1Q 2022). Revenue: US$178.0m (down 42% from 1Q 2022). Net loss: US$248.0k (down 101% from profit in 1Q 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Mar 09Insider recently sold US$247k worth of stockOn the 28th of February, Stacy Murray sold around 8k shares on-market at roughly US$29.04 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$128k more than they bought in the last 12 months.
공시 • Feb 17Avantax, Inc. Provides Earnings Guidance for the Full Year 2023Avantax, Inc. provided earnings guidance for the full year 2023. For the year, company expects revenue to be in range of $750.0 million to $758.0 million, Net income to be in range of $25.5 million to $40.1 million and net income per share diluted to be in range of $0.63 to $0.96.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: US$0.065 (vs US$0.16 in FY 2021)Full year 2022 results: EPS: US$0.065 (down from US$0.16 in FY 2021). Revenue: US$666.5m (down 25% from FY 2021). Net income: US$3.12m (down 60% from FY 2021). Profit margin: 0.5% (down from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09Avantax, Inc. Appoints Melissa Loner as Chief Compliance OfficerAvantax announced the appointment of Melissa Loner, AIF® as Vice President and Chief Compliance Officer. With more than 25 years of experience in the financial services industry, Loner has worked as a financial planner in addition to numerous corporate leadership roles. She has spent a significant portion of her career in the Home Office of various independent firms, working in due diligence, marketing, transitions, operations, supervision, compliance, and fiduciary services. Loner joins Avantax from Premier Wealth Management® where she was Executive Vice President, Advisor Services; previously, Loner was Vice President, Fiduciary Services and RIA Chief Compliance Officer, for Cambridge Investment Research, Inc.
공시 • Feb 07Avantax, Inc. to Report Q4, 2022 Results on Feb 15, 2023Avantax, Inc. announced that they will report Q4, 2022 results After-Market on Feb 15, 2023
공시 • Jan 27Avantax, Inc. Announces Executive ChangesAvantax, Inc. announced that Tabitha Bailey has been appointed Chief Legal Officer and Corporate Secretary, succeeding Ann J. Bruder, who has stepped down from her role as Chief Legal, Development and Administration Officer after nearly six years in the role. Ms. Bruder has agreed to continue to work with Avantax in a consulting role through the end of June to support the transition. Ms. Bailey joined Avantax in November 2020 as Vice President, Legal Affairs and SEC Counsel. Prior to Avantax, Ms. Bailey spent just under two years as Vice President, General Counsel and Corporate Secretary at TransAtlantic Petroleum Ltd. Earlier in her career, she worked in private practice for seven years. She received her Juris Doctorate degree from Vanderbilt University Law School and Bachelor of Arts degree in International Studies from the University of Mississippi.
Recent Insider Transactions • Nov 22Independent Director recently bought US$119k worth of stockOn the 17th of November, Kanayalal Kotecha bought around 5k shares on-market at roughly US$23.73 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months.
Price Target Changed • Nov 16Price target increased to US$29.00Up from US$24.33, the current price target is an average from 3 analysts. New target price is 21% above last closing price of US$24.02. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$0.16 last year.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Nov 02Price target increased to US$28.00Up from US$25.33, the current price target is an average from 3 analysts. New target price is 20% above last closing price of US$23.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of US$0.79 for next year compared to US$0.16 last year.
Reported Earnings • Nov 02Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.46 loss per share (improved from US$0.57 loss in 3Q 2021). Revenue: US$171.7m (down 1.4% from 3Q 2021). Net loss: US$21.8m (loss narrowed 21% from 3Q 2021). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$953.8m to US$904.8m. EPS estimate rose from US$0.56 to US$0.78. Net income forecast to grow 182% next year vs 3.1% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price rose 2.1% to US$22.36 over the past week.
Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$0.83 (up from US$0.65 in 2Q 2021). Revenue: US$256.9m (up 1.0% from 2Q 2021). Net income: US$39.4m (up 25% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 8.0%, compared to a 2.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 31Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.72 to US$0.58 per share. Revenue forecast steady at US$948.9m. Net income forecast to grow 186% next year vs 0.3% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price rose 8.9% to US$17.69 over the past week.
Major Estimate Revision • May 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.89 to US$0.72 per share. Revenue forecast steady at US$954.4m. Net income forecast to grow 180% next year vs 1.5% growth forecast for Capital Markets industry in the US. Consensus price target of US$24.33 unchanged from last update. Share price fell 7.8% to US$15.97 over the past week.
Reported Earnings • May 05First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: US$0.71 (up from US$0.57 in 1Q 2021). Revenue: US$307.6m (up 11% from 1Q 2021). Net income: US$34.6m (up 25% from 1Q 2021). Profit margin: 11% (up from 9.9% in 1Q 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 6.6%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Rick Leaman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • Mar 04President of Wealth Management exercised options to buy US$253k worth of stock.On the 2nd of March, Todd Mackay exercised 31.26k options at around US$16.32, then sold 18.44k of them at US$19.87 each and kept the remainder. Since June 2021, Todd's direct individual holding has increased from 98.21k shares to 122.92k. Company insiders have collectively bought US$1.2m more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Feb 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.16 (up from US$7.14 loss in FY 2020). Revenue: US$885.2m (up 17% from FY 2020). Net income: US$7.76m (up US$350.5m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 7.9% while thefunds industry in the US is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Dec 22Independent Director recently bought US$825k worth of stockOn the 15th of December, Mark Ernst bought around 50k shares on-market at roughly US$16.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.2m more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 05Third quarter 2021 earnings released: US$0.57 loss per share (vs US$0.55 loss in 3Q 2020)The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: US$174.2m (flat on 3Q 2020). Net loss: US$27.8m (loss widened 6.1% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 05Price target increased to US$25.33Up from US$23.00, the current price target is an average from 2 analysts. New target price is 38% above last closing price of US$18.36. Stock is up 67% over the past year. The company is forecast to post a net loss per share of US$0.14 next year compared to a net loss per share of US$7.14 last year.
Executive Departure • Oct 03Independent Director John MacIlwaine has left the companyOn the 22nd of September, John MacIlwaine's tenure as Independent Director ended after 3.2 years in the role. As of June 2021, John still personally held 19.49k shares (US$337k worth at the time). John is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model.
Executive Departure • Sep 29Independent Director John MacIlwaine has left the companyOn the 22nd of September, John MacIlwaine's tenure as Independent Director ended after 3.2 years in the role. As of June 2021, John still personally held 19.49k shares (US$337k worth at the time). John is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model.
Reported Earnings • Aug 05Second quarter 2021 earnings released: EPS US$0.65 (vs US$1.04 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$254.3m (up 58% from 2Q 2020). Net income: US$31.6m (down 36% from 2Q 2020). Profit margin: 12% (down from 31% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Seeking Alpha • Jul 17Blucora: Investor Day Highlights Improved Medium-Term OutlookBlucora hosted an upbeat investor day event, highlighting its medium-term operating and financial strategies. Medium-term targets look promising but with some conservative assumptions embedded, and plenty of upside remains. With shares trading at undemanding valuations, I see room for a re-rating ahead.
Price Target Changed • Jun 17Price target increased to US$23.00Up from US$21.33, the current price target is an average from 2 analysts. New target price is 26% above last closing price of US$18.21. Stock is up 46% over the past year.
Major Estimate Revision • Jun 17Consensus EPS estimates increase to -US$0.10The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$855.9m to US$866.8m. EPS estimate increased from -US$0.13 to -US$0.10. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$20.41 to US$22.00. Share price rose 9.7% to US$18.21 over the past week.
Reported Earnings • May 07First quarter 2021 earnings released: EPS US$0.57 (vs US$6.60 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$278.4m (up 5.7% from 1Q 2020). Net income: US$27.6m (up US$343.1m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 16New 90-day high: US$17.97The company is up 32% from a price of US$13.59 on 15 December 2020. Outperformed the American market which is up 9.0% over the last 90 days. Exceeded the Capital Markets industry, which is up 21% over the same period. Simply Wall St's valuation model estimates the intrinsic value at US$10.15 per share.
분석 기사 • Feb 19Shareholders Are Thrilled That The Blucora (NASDAQ:BCOR) Share Price Increased 154%When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Reported Earnings • Feb 19Full year 2020 earnings released: US$7.14 loss per share (vs US$1.00 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$755.0m (up 5.2% from FY 2019). Net loss: US$342.8m (down US$390.9m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Analyst Estimate Surprise Post Earnings • Feb 19Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 9.0%, compared to a 34% growth forecast for the Capital Markets industry in the US.
Is New 90 Day High Low • Feb 02New 90-day high: US$17.48The company is up 66% from its price of US$10.54 on 03 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.89 per share.
Is New 90 Day High Low • Jan 16New 90-day high: US$16.60The company is up 60% from its price of US$10.35 on 16 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.88 per share.
Is New 90 Day High Low • Dec 31New 90-day high: US$16.04The company is up 69% from its price of US$9.47 on 01 October 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.84 per share.
Is New 90 Day High Low • Dec 10New 90-day high: US$13.86The company is up 37% from its price of US$10.10 on 10 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$7.94 per share.
분석 기사 • Nov 30Read This Before Selling Blucora, Inc. (NASDAQ:BCOR) SharesWe often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
Price Target Changed • Nov 11Price target raised to US$17.50Up from US$16.00, the current price target is an average from 3 analysts. The new target price is 45% above the current share price of US$12.08. As of last close, the stock is down 40% over the past year.