Avantax Q3 EPS $0.36 Beats $0.19 Estimate, Sales $192.34M Beat $191.90M Estimate

11/6/23 7:35:51 AM ET

Finance: Consumer Services

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Avantax (NASDAQ:AVTA) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.19 by 89.47 percent. This is a 280 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $192.34 million which beat the analyst consensus estimate of $191.90 million by 0.23 percent. This is a 12.03 percent increase over sales of $171.70 million the same period last year.

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Date	Price Target	Rating	Analyst
3/29/2023		Outperform	William Blair

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Avantax Reports Third Quarter 2023 Results
DALLAS, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ:AVTA), a leading provider of technology-enabled, tax-intelligent financial solutions, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Highlights and Recent Developments Reported total revenue of $192.3 million for the third quarter. This represents an increase of 16.5% compared to the third quarter of the prior year.Continued to deliver net positive asset flows for the seventh consecutive quarter with approximately $673.0 million for the third quarter.Ended the third quarter with total client assets of $82.3 billion, $42.0 billion of which were advisory assets, representing 51.
11/6/23 7:30:00 AM ET
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Finance: Consumer Services
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Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax's Employee-based Model
DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, has acquired Summit Wealth Advocates (Summit), a Minnesota-based wealth management firm with approximately $330 million in total client assets as of June 30, 2023. Prior to the acquisition, Summit was not affiliated with Avantax. "We are in growth mode, and I was looking for a partner who would give us the potential to grow faster by getting even deeper into client service. That's exactly what Avantax delivers," said Bruce Primeau, CPA, CFP®, PFS, who founded Summit in 2010. "As a financial advisor that also has a CPA, taking a tax-intelligent approach to financial plannin
8/22/23 9:15:00 AM ET
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Finance: Consumer Services
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Avantax Reports Second Quarter 2023 Results
DALLAS, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ:AVTA), a leading provider of technology-enabled, tax-intelligent financial solutions, today announced financial results for the second quarter ended June 30, 2023. Second Quarter Highlights and Recent Developments Reported total revenue of $186.9 million, a new record, for the second quarter. This represents an increase of 15% compared to the second quarter of the prior year.Continued to deliver net positive asset flows for the sixth consecutive quarter with approximately $390 million for the second quarter.Ended the second quarter with total client assets of $83.8 billion, $42.6 billion of which were advisory assets, repres
8/9/23 4:05:00 PM ET
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Finance: Consumer Services
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Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
11/27/23 6:28:00 PM ET
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Avantax Posts Record Newly Recruited Assets as Advisor Appetite for Joining the Tax-Focused Avantax Community Keeps Growing
DALLAS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomed more than 150 independent Financial Professionals during the first three quarters of 2023 as advisor appetite remains high for aligning with Avantax's deep pool of tax professionals and accounting practices. "We had an incredible third quarter and I'm proud of how we continue attracting Financial Professionals, including licensed tax professionals; they're obviously seeing the value in Avantax having firmly planted our flag in tax-intelligent financial planning," said Tim Stewart, VP and Head of Business Development at Avantax. "We have kept strong traction with p
11/9/23 9:15:00 AM ET
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Finance: Consumer Services
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Avantax Appoints Melissa Loner as Chief Compliance Officer
DALLAS, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning, today 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. "I am pleased to welcome Melissa who joins an energized Avantax leadership team committed to creating value for our Finan
2/8/23 9:15:00 AM ET
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Finance: Consumer Services
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Dye & Durham Releases its Value Creation Plan and Announces its Seven Highly Qualified Nominees for Election at the Upcoming Annual and Special Meeting
Value Creation Plan outlines path for driving sustained value for all stakeholders, and illustrates Dye & Durham's track record of capital allocationDye & Durham's nominees have the right mix of skills, experience, and expertise to support the Company's long-term value and growth trajectoryCompany to hold Investor Briefing in early DecemberTORONTO, Nov. 12, 2024 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND) today announced the release of a detailed presentation to shareholders that outlines Dye & Durham's 'Value Creation Plan', to continue driving sustainable long term value for all stakeholders. The presentation reviews Dye & Durham's track record of allocating
11/12/24 9:21:00 AM ET
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Sonida Announces General Counsel Transition
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior living communities, announced today that Tabitha Bailey will be appointed senior vice president and chief legal officer, effective January 1, 2025, reporting to President and Chief Executive Officer, Brandon Ribar. Ms. Bailey will succeed David Brickman, who will be stepping down from his current role to pursue other opportunities after a distinguished, 32-year career with Sonida. In the interim, Mr. Brickman and Ms. Bailey will be working closely together to ensure a seamless transition. To assist through this period, the Company and Mr. Brickman have entered into a six-mont
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Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
11/27/23 6:28:00 PM ET
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Finance: Consumer Services
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Avantax Q3 EPS $0.36 Beats $0.19 Estimate, Sales $192.34M Beat $191.90M Estimate

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Recent Analyst Ratings for
$AVTA

$AVTA
Financials

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Avantax Reports Third Quarter 2023 Results

Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax's Employee-based Model

Avantax Reports Second Quarter 2023 Results

$AVTA
Leadership Updates

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Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

Avantax Posts Record Newly Recruited Assets as Advisor Appetite for Joining the Tax-Focused Avantax Community Keeps Growing

Avantax Appoints Melissa Loner as Chief Compliance Officer

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William Blair resumed coverage on Avantax

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