Janus (ASX:JHG) shares closed bearish on Thursday; here's why

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Janus (ASX:JHG) shares closed bearish on Thursday; here's why

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Janus (JHG) share price
Image source: © Lovelyday12 | Megapixl.com

Highlights

  • Janus reported slashed down earnings in FY22 first quarter on 3 May 2022. 
  • As a result, the company's shares plummeted on the ASX today. 
  • Despite slashed down earnings, Janus will distribute US$0.39 per share of dividend to its eligible shareholders. 

The shares of Janus Henderson Group Plc (ASX:JHG) closed 13.035% lower at AU$37.76 per share on the ASX today (5 May). Approximately 423,000 shares of Janus were traded during the entire trading session on the ASX today.

On 4 May 2022, the ASX-listed diversified financial company shared its financial performance report for the first quarter of FY22 (Q1 FY22) for the period ended on 31 March 2022. 

The share price of Janus has fallen over 20% on the ASX over the past 12 months. On the other hand, Janus' year-to-date share price also fell over 35% on the ASX today (5 May). 

Why did Janus's share price plummet on the ASX today? 

Janus reported an operating income of US$124.6 million in the given period, compared to US$192.5 million in its previous corresponding period.  

The slashed down income delivered by Janus in Q1 FY22 could possibly be the reason behind its share price fall on the ASX today. 

Furthermore, Janus reported that its adjusted operating income due to acquisition and transaction-related expenses was US$178.8 million in Q1 FY22, compared to US$201.5 million in the previous corresponding period.

As a result, the company's diluted earnings per share were worth US$0.47 in Q1 FY22, compared to US$0.88 in its previous corresponding period. 

Janus' Interim Chief Executive Officer and Chief Financial Officer, Roger Thompson, said that the company had to experience several challenges which impacted its outlook and flow in the first quarter of FY22. Nevertheless, the company distributed a dividend of US$107 million and conducted share buyback during the given period.

Read more: Janus Henderson (ASX:JHG) announces Q4 earnings, shares fall  

Dividend distribution by Janus:

Image source: © Qing02051981 | Megapixl.com

Description: Janus (JHG) share price

The board of Janus determined to pay a dividend of US$0.39 per share based on its first quarter earnings to its eligible shareholders. Shareholders with the record date of 16 May 2022 will be paid the dividend on 31 May 2022.  

On the other hand, Janus has purchased around 1.3 million shares of its own on the New York Stock Exchange (NYSE) and its CHESS Depositary Interests on the ASX as a part of its US$200 million shares buyback programme approved by the board in July 2021.

About Janus: 

Janus Henderson Group Plc is an ASX-listed financial service provider with a market capitalization of AU$8.26 billion. The company is popularly known for offering asset management services, especially in the UK and Europe based assets. The company was established in the year 2008 with its headquarter in New Jersey. 

Read more: AMP Limited (ASX:AMP) shares gain on robust 1QFY22 financial results

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