Fiera Capital Co. (TSE:FSZ) to Post Q3 2024 Earnings of $0.23 Per Share, Desjardins Forecasts

Fiera Capital Co. (TSE:FSZ) – Desjardins dropped their Q3 2024 earnings per share (EPS) estimates for Fiera Capital in a note issued to investors on Thursday, April 25th. Desjardins analyst G. Ho now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.24. Desjardins has a “Hold” rating and a $7.25 price objective on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The company had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million.

FSZ has been the topic of several other research reports. CIBC lowered their price target on Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada increased their price objective on Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. National Bankshares increased their price objective on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. TD Securities increased their price objective on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets cut Fiera Capital from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$8.00 to C$8.50 in a research report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$7.64.

Fiera Capital Trading Down 2.3 %

Shares of FSZ stock opened at C$6.86 on Monday. Fiera Capital has a 12 month low of C$4.32 and a 12 month high of C$8.75. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. The business’s 50 day moving average is C$7.94 and its two-hundred day moving average is C$6.61. The company has a market cap of C$9.26 million, a PE ratio of 13.72, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81.

Fiera Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 12.54%. Fiera Capital’s dividend payout ratio (DPR) is currently 172.00%.

Insider Buying and Selling

In related news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64. 3.22% of the stock is owned by company insiders.

Fiera Capital Company Profile

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.