How did the Perpetual (ASX:PPT) share price respond last earnings season?

Perpetual shares are in focus as the financial services company is due to report its FY21 earnings tomorrow.

| More on:
Two retirees sitting on a bench together.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Perpetual Limited (ASX: PPT) share price has walked through today's session in the green, only to close exactly where it started the day at $39 and change.

Perpetual shares were sitting pretty throughout the day as the financial services company prepares to report its FY21 earnings tomorrow.

In addition, Perpetual shares have kept pace with the S&P/ASX 200 Index's (ASX: XJO) return of around 14% this year to date. Therefore, it's worth covering what Perpetual exhibited on the charts on its last earnings report back in April.

What did Perpetual record in its last earnings report?

Although Perpetual announced its Q4 business update on 23 July, it's worth delving a bit deeper into its share price performance over a longer period, post-earnings.

Perpetual demonstrated a resilient first quarter, growing assets under management (AUM) by around 7% from the previous quarter.

Moreover, Perpetual outlined additional progress points in its report, including:

  • Australia AUM growth of 4.4% and international AUM expansion of 7.7% to $71 million
  • Fixed income inflows edged lower to $20.6 million, but remained positive
  • Net outflows of $892 million, offset by $5.3 billion in asset growth from strong market conditions
  • Positive currency impact of $783 million
  • US equities gained almost $5 billion, with net outflows of $1.4 billion in equities

Additional takeouts to the above include that Perpetual Corporate Trust's funds under management also grew 1% to $942.9 billion, whereas it gained momentum in its Perpetual Private arm. Here, it exhibited a 4% gain in funds under advice.

What happened to the Perpetual share price next?

As the company released its last earnings on a Friday, by Monday, the Perpetual share price had soared 44% from the previous close.

Perpetual shares continued to climb until reaching 52-week highs on 2 July of $40.66, up until the next earnings release in July.

From the period 23 April to 22 July, the Perpetual share price climbed 13.5%. This occurred despite no price-sensitive news from the company, suggesting that the market welcomed its results.

Since then, additional catalysts have continued the fundamental momentum on Perpetual's chart, where it has climbed an additional 3% to today's trading.

Perpetual shareholders are undoubtedly hoping the momentum continues and that the market reacts the same way it did in April.

For context, Perpetual has a market capitalisation of $2.2 billion. Moreover, its share price has climbed 14% year to date and nearly 26% in the last 12 months.

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Financial Shares

A group of stockbrokers sit in a room with several computer screens in front of them as they discuss the Zip share price and Zip's merger with Sezzle
Financial Shares

Up nearly 60% in a year, can Netwealth shares go higher?

Netwealth shares are up more than 200% over the past 5 years.

Read more »

Man smiling at a laptop because of a rising share price.
Financial Shares

Macquarie places 'outperform' rating on this ASX All Ords financial services stock

This financial services stock seems to be going from strength to strength.

Read more »

Woman and man calculating a dividend yield.
Financial Shares

Australian insurance sector: Does Macquarie prefer IAG or Suncorp shares?

Here’s an expert’s views on the insurance sector.

Read more »

A woman sits on a chair smiling as she shops online.
Financial Shares

Which ASX 200 financial share delivered better returns in FY25: IAG, AMP, or Zip?

We compare share price movements and dividend payments for these 3 ASX 200 financial stocks.

Read more »

a man sits in unhappy contemplation staring at his computer on his desk in a home environment, propping his chin on his hand.
Financial Shares

Did Suncorp or QBE insurance shares perform better in the last year?

These insurance providers brought solid returns for investors in the last 12 months. 

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Financial Shares

Up 58% since April, this ASX 200 financial stock just reported record results

The ASX 200 wealth management and technology company has been on a tear since April. Here’s the latest.

Read more »

A young woman smiles as she rides a zip line high above the trees.
Financial Shares

5 best ASX 200 financial shares of FY25 (CBA didn't make the cut!)

These stocks were well and truly 'in the black' for share price growth last financial year.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Financial Shares

Does Macquarie rate IAG Insurance shares a buy, hold or sell?

The insurer's share price has slumped this week.

Read more »