Federated Investors, Inc. (FII) Expected to Post Earnings of $0.58 Per Share
Brokerages expect that Federated Investors, Inc. (NYSE:FII) will report earnings of $0.58 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Federated Investors’ earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.60. Federated Investors reported earnings per share of $0.52 during the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The firm is scheduled to announce its next earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Federated Investors will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.17. For the next year, analysts expect that the business will post earnings of $2.20 per share, with EPS estimates ranging from $2.14 to $2.27. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Federated Investors.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. Federated Investors’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS.
In other news, VP John B. Fisher sold 6,460 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the sale, the vice president now owns 508,445 shares in the company, valued at approximately $16,010,933.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 7,776 shares of company stock valued at $244,827 in the last 90 days. Insiders own 7.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Federated Investors by 29.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,796 shares of the asset manager’s stock worth $1,479,000 after buying an additional 11,274 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Federated Investors in the 3rd quarter valued at approximately $1,274,000. Sterling Capital Management LLC acquired a new stake in Federated Investors in the 3rd quarter valued at approximately $1,984,000. California Public Employees Retirement System increased its holdings in Federated Investors by 3.5% in the 3rd quarter. California Public Employees Retirement System now owns 234,434 shares of the asset manager’s stock valued at $6,963,000 after purchasing an additional 8,034 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Federated Investors by 16.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 119,107 shares of the asset manager’s stock valued at $3,538,000 after purchasing an additional 16,839 shares during the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.
Shares of Federated Investors (NYSE FII) opened at $33.74 on Friday. The company has a market cap of $3,340.00, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.93 and a beta of 1.56. The company has a quick ratio of 1.89, a current ratio of 3.33 and a debt-to-equity ratio of 0.27. Federated Investors has a 1-year low of $24.93 and a 1-year high of $33.81.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. Federated Investors’s dividend payout ratio is currently 47.17%.
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About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It 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.
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