Hennessy Advisors, Inc. Reports Increases in Annual Revenue, Earnings, and Net Income
Hennessy Advisors, Inc. (HNNA)
US:NASDAQ Investor Relations:
hennessyadvisors.com
Company Research
Source: PR Newswire
NOVATO, Calif., Nov. 28, 2018 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) today reported results for the fiscal year ended September 30, 2018.Summary Highlights for the Fiscal Year (compared to fiscal year 2017):Fully diluted earnings per share increased 35.9% to $2.61. Our effective tax rate decreased from 35.7% to 11.9%. Note: The Tax Cuts and Jobs Act of 2017, which was passed during our first fiscal quarter, allowed us to blend in a lower corporate tax rate beginning January 1, 2018.The Tax Cuts and Jobs Act of 2017 required us to reassess our deferred tax liability to account for the future impact of a lower corporate tax rate. As a result, we recorded a large, one-time adjustment in our first fiscal quarter that created a tax benefit of approximately $4 million, which translates to $0.54 in earnings per share. Total revenue increased 3.1% to $54.6 million. Total assets under management decreased 6.3% due to net outflows from our mutual funds. However, average assets un
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News
- Shareholders in Hennessy Advisors (NASDAQ:HNNA) are in the red if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Hennessy Advisors, Inc. Acquires the CCM Core Impact Equity FundPR Newswire
- We Wouldn't Be Too Quick To Buy Hennessy Advisors, Inc. (NASDAQ:HNNA) Before It Goes Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Hennessy Advisors, Inc. Reports 7% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Hennessy Advisors, Inc. Reports 7% Increase in Quarterly Earnings Per Share and Announces Quarterly DividendPR Newswire
HNNA
Sec Filings
- 4/16/24 - Form 13F-HR
- 3/14/24 - Form 13F-HR/A
- 2/23/24 - Form 8-K
- HNNA's page on the SEC website