1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
10qk
10qk
Articles 

DUFF & PHELPS CORP Reports Operating Results (10-Q)

October 26, 2012 | About:

DUFF & PHELPS CORP (NYSE:DUF) filed Quarterly Report for the period ended 2012-09-30.

Duff & Phelps Corporation has a market cap of $565.5 million; its shares were traded at around $13.45 with a P/E ratio of 13.6 and P/S ratio of 1.4. The dividend yield of Duff & Phelps Corporation stocks is 2.7%. Duff & Phelps Corporation had an annual average earning growth of 52.1% over the past 5 years.

Highlight of Business Operations:

Operating income from the Alternative Asset Advisory segment increased $1,299 or 46.0% to $4,120 for the three months ended September 30, 2012, compared to $2,821 for the three months ended September 30, 2011. Segment operating income margin was 27.1% for the three months ended September 30, 2012, compared to 21.1% for the three months ended September 30, 2011. Segment operating income increased primarily as a result of higher revenue and a lower percentage of allocated costs, partially offset by higher direct compensation costs from an increase in average headcount between periods.

Operating income from the Investment Banking segment decreased $2,159 or 133.8% to a loss of $545 for the three months ended September 30, 2012, compared to a profit of $1,614 for the three months ended September 30, 2011. Operating income margin was a negative 2.1% for the three months ended September 30, 2012, compared to a positive 9.6% for the three months ended September 30, 2011. The decrease in segment operating income primarily resulted from higher direct compensation costs and a higher percentage of allocated costs, both from an increase in average headcount primarily from acquisitions, partially offset by an increase in revenue.

Financial Advisory segment operating income increased $7,296 or 24.0% to $37,660 for the nine months ended September 30, 2012, compared to $30,364 for the nine months ended September 30, 2011. Segment operating income margin, defined as segment operating income expressed as a percentage of segment revenue, was 19.4% for the nine months ended September 30, 2012, compared to 16.8% for the nine months ended September 30, 2011. Segment operating income increased primarily as a result of higher revenue and a lower percentage of allocated costs, partially offset by higher direct compensation costs from an increase in average headcount between periods.

Operating income from the Alternative Asset Advisory segment increased $1,306 or 14.0% to $10,651 for the nine months ended September 30, 2012, compared to $9,345 for the nine months ended September 30, 2011. Segment operating income margin was 25.0% for the nine months ended September 30, 2012, compared to 22.6% for the nine months ended September 30, 2011. Segment operating income increased primarily as a result of higher revenue and a lower percentage of allocated costs.

Operating income from the Investment Banking segment increased $7,473 or 790.0% to $8,419 for the nine months ended September 30, 2012, compared to $946 for the nine months ended September 30, 2011. Operating income margin was 9.1% for the nine months ended September 30, 2012, compared to 2.2% for the nine months ended September 30, 2011. The increase in segment operating income primarily resulted from higher revenue, partially offset by higher direct compensation costs and a higher percentage of allocated costs both from an increase in average headcount primarily from acquisitions.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 4.0/5 (3 votes)

Comments

Please leave your comment:


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK