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    ONEX   CA68272K1030

ONEX CORPORATION

(ONEX)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 01/21 04:00:00 pm
93.23 CAD   -0.29%
01/12Dave Kelly Joins Onex as Head of Gluskin Sheff
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01/12Onex Corporation Appoints Dave Kelly as Head of Gluskin Sheff + Associates ('Gluskin Sheff')
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01/07ONEX CORPORATION : Ex-dividend day for
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Onex profits jump 20 per cent in third quarter as asset management income doubles

11/12/2021 | 08:53am EST

TORONTOOnex Corp. reported net earnings of US$602 million in its latest quarter compared with US$501 million in the same quarter last year — a leap of 20.2 per cent propelled by higher asset management earnings.

The private equity investment firm, which keeps its books in U.S. dollars, says the profit amounted to $6.76 per diluted share for the quarter ended Sept. 30 compared with $5.29 per diluted share in the same period a year earlier.

Onex says its segment net earnings, which excludes certain items, totalled $607 million or $6.59 per diluted share, up from $515 million or $5.39 per diluted share a year ago.

The Toronto-based company's investing segment earnings totalled $493 million compared with $492 million 12 months before, while its asset management segment jumped to $195 million from $93 million in the same quarter last year.

Onex chairman and CEO Gerry Schwartz says Onex enjoyed a "very active quarter" with good momentum across all businesses.

He says investing capital per share grew by eight per cent and that fund performance at the company's private equity platform was strong.

This report by The Canadian Press was first published Nov. 12, 2021.

Companies in this story: (TSX:ONEX)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on ONEX CORPORATION
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Financials
Sales 2021 - - -
Net income 2021 1 748 M 1 388 M 1 388 M
Net Debt 2021 - - -
P/E ratio 2021 4,76x
Yield 2021 -
Capitalization 8 091 M 6 459 M 6 425 M
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 497
Free-Float -
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Technical analysis trends ONEX CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 93,23 CAD
Average target price 119,00 CAD
Spread / Average Target 27,6%
EPS Revisions
Managers and Directors
Gerald W. Schwartz Chairman & Chief Executive Officer
Robert M. Le Blanc President
Christopher Allan Govan Chief Financial Officer & Senior Managing Director
Natasha Giannopoulos Managing Director-Information Technology
Priya Gnanabhaskar Director-Information Technology
Sector and Competitors