AZM.MI · MIL FTSE MIB

Azimut Holding S.p.A.

Financial services · Asset Management

€37.32 +€0.22 (+0.59%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 7 analysts

Buy

Median price target €41.00 +9.9%

Open: €37.46
Day range: 37.28 – €37.70
52-week range: 30.19 – €40.39
Volume: 106,075
Market cap: €5,075M
P/E (TTM): 10.3x
EPS (TTM): €3.62
EPS est. 2026: €3.28
P/E est. 2026: 11.4x
Dividend yield: 5.4%
Beta: 1.01
Payout: 55%

Azimut financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€391M	+6.7%
Net income	€132M	−10.0%
Earnings per share	€0.93	−9.7%
Net margin	33.7%	−6.3 pp
Free cash flow	€284M	+84.5%
Debt / equity	0.15	+408.3%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	€366M	€147M
Q4 2025	€391M	€140M
Q1 2026	€371M	€125M
Q2 2026	€406M	€116M
Q3 2026	€391M	€132M

Azimut earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current year2026 · Analysts: 6	€3.2773.21 – 3.39	−3.0%€3.379
Next year2027 · Analysts: 5	€3.6723.44 – 3.97	+12.0%€3.277

Forward P/E: 11.4x (2026) and 10.2x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	€1.030	—
Q4 2025	€1.026	—
Q1 2026	€0.880	—
Q2 2026	€0.815	—
Q3 2026	€0.930	—

Year	Actual EPS	Estimated EPS
2022	€2.919	—
2023	€3.140	—
2024	€4.100	—
2025	€3.710	—
2026	—	€3.277
2027	—	€3.672

EPS trend

Quarter	EPS	YoY change
Q3 2026	€0.930	−9.7%
Q2 2026	€0.815	n/a
Q1 2026	€0.880	n/a
Q4 2025	€1.026	n/a
Q3 2025	€1.030	n/a

Year	EPS	Annual change
2027Estimated	€3.672	+12.0%
2026Estimated	€3.277	−11.7%
2025	€3.710	−9.5%
2024	€4.100	+30.6%
2023	€3.140	+7.6%
2022	€2.919	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Azimut dividend

Yield and payments

Dividend yield (TTM)	5.4%
Forward yield (next 12m)	5.4%
Dividend per share (TTM)	€2.00
Forward dividend (next 12m)	€2.00
Payout (TTM)	55%
Last dividend	€2.00May 18, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€1.18
2020	€1.00
2021	€1.00
2022	€1.30
2023	€1.30
2024	€1.00
2025	€1.75
est. 12m	€2.00

Azimut forecasts

7 analyst ratings

Buy57% Hold43% Sell0%

Consensus: Buy · 4 buy, 3 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€50.00	+34.0%
Median	€41.00	+9.9%
Low	€36.30	−2.7%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€35.66
Dec 30, 2025	€35.74
Jan 30, 2026	€35.52
Feb 27, 2026	€35.09
Mar 31, 2026	€32.35
Apr 30, 2026	€36.10
May 29, 2026	€34.85
Jun 30, 2026	€35.48
Jul 31, 2026	€36.71
Aug 31, 2026	€38.73
Sep 30, 2026	€38.90
Oct 30, 2026	€34.70
Nov 11, 2026	€37.32

Azimut peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
AZM.MI	Azimut	5,075	10.3x	37.32	+0.59%	30.1940.39
BLK	BlackRock	188,729	27.8x	1,222.15 $	+0.61%	917.391,242.12
BX	Blackstone	151,248	27.3x	122.53 $	−1.23%	101.73165.14
KKR	KKR &	93,008	29.6x	100.85 $	+2.81%	82.67144.84
APO	Apollo Global Management	72,470	n/a	122.74 $	+0.44%	99.56153.29
STT	State Street	46,694	14.0x	171.62 $	+0.43%	111.63195.93

Stocks quoted in another currency are shown in their trading currency.

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