Patria Beats Q2 Estimates, Raises Full-Year Outlook on Strong Fundraising
PAX is trading near its 52-week low of $10.56 (4.2% above the low).
Summary
Patria delivered a clean Q2 beat with adjusted EPS of $0.32 versus the $0.29 consensus, driven by a 24% jump in Fee Related Earnings and a 32% surge in fee-earning AUM to $48.9 billion. The company raised $2.3 billion in the quarter, putting it on pace to exceed its full-year fundraising target, and management issued full-year FRE guidance of $225–$245 million. This follows the July 2 close of a $670 million secondary fund and a recent director purchase of over $1.1 million in shares. The stock trades near its 52-week low at 8x forward earnings, so this beat and raised outlook could force a re-rating if execution continues.
At the time of this announcement, PAX was trading at $11.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $10.56 to $17.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.