Brokers Issue Forecasts for Federated Investors Inc.’s Q3 2016 Earnings (FII)
Federated Investors Inc. (NYSE:FII) – Equities research analysts at Jefferies Group decreased their Q3 2016 earnings per share (EPS) estimates for Federated Investors in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Thind now forecasts that the firm will post earnings per share of $0.50 for the quarter, down from their previous forecast of $0.51. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Federated Investors’ FY2016 earnings at $1.95 EPS and FY2017 earnings at $2.13 EPS.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $286.74 million for the quarter, compared to the consensus estimate of $284.39 million. Federated Investors had a return on equity of 28.98% and a net margin of 18.30%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Other analysts have also issued reports about the company. Credit Suisse Group AG set a $27.00 target price on Federated Investors and gave the stock a “sell” rating in a report on Sunday, July 31st. Zacks Investment Research raised Federated Investors from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Finally, Keefe, Bruyette & Woods raised their price objective on Federated Investors from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.75.
Federated Investors (NYSE:FII) traded down 2.17% during trading on Thursday, hitting $27.51. The stock had a trading volume of 197,712 shares. The company has a market cap of $2.74 billion, a PE ratio of 15.12 and a beta of 1.51. The company’s 50 day moving average is $30.96 and its 200-day moving average is $30.76. Federated Investors has a 12 month low of $22.76 and a 12 month high of $33.13.
A number of large investors have recently bought and sold shares of FII. Americafirst Capital Management LLC purchased a new stake in shares of Federated Investors during the second quarter worth $101,000. Advisory Services Network LLC boosted its position in Federated Investors by 787.5% in the second quarter. Advisory Services Network LLC now owns 3,550 shares of the company’s stock valued at $102,000 after buying an additional 3,150 shares during the last quarter. Victory Capital Management Inc. boosted its position in Federated Investors by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,704 shares of the company’s stock valued at $107,000 after buying an additional 1,617 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Federated Investors during the second quarter valued at approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new position in Federated Investors during the second quarter valued at approximately $147,000. 75.46% of the stock is owned by institutional investors.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. The Company is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products, in both domestic and international markets.
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