Andersen Group Inc (NYSE:ANDG) reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates on Tuesday.
Andersen Group reported quarterly earnings of 7 cents per share which beat the analyst consensus estimate of losses of 26 cents per share. The company reported quarterly sales of $170.346 million which beat the analyst consensus estimate of $157.290 million.
Andersen Group said it sees FY2026 sales of $955.000 million-$970.000 million, versus market estimates of $943.340 million.
Mark L. Vorsatz, Global Chairman and CEO of Andersen, said, “Our fourth quarter capped a record year for the firm, and underscores the strength of our global, multi-dimensional platform and the continued demand for high-value advisory services. We are entering 2026 with strong momentum, and a clear focus on disciplined growth – investing in the expansion of our platform, integrating high-quality firms across key markets, and deploying technology, automation and AI to enhance efficiency and scale our services. These investments position us to further strengthen our market leadership while driving sustained revenue growth and increased profitability over time.”
Andersen shares jumped 16.7% to trade at $29.05 on Wednesday.
These analysts made changes to their price targets on Andersen following earnings announcement.
- Baird analyst Mark Marcon maintained Andersen Group with an Outperform rating and raised the price target from $40 to $42.
- UBS analyst Kevin Mcveigh maintained the stock with a Buy and raised the price target from $28 to $32.
- Morgan Stanley analyst Toni Kaplan maintained Andersen Group with an Equal-Weight rating and raised the price target from $22 to $24.
Considering buying ANDG stock? Here’s what analysts think:
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