Research Analysts Set Expectations for Fiera Capital Co.’s FY2024 Earnings (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – National Bank Financial increased their FY2024 earnings estimates for shares of Fiera Capital in a note issued to investors on Wednesday, May 8th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.91 for the year, up from their previous estimate of $0.83. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share. National Bank Financial also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.35 EPS.

Other analysts also recently issued reports about the stock. Desjardins lifted their price objective on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Scotiabank lifted their price objective on shares of Fiera Capital from C$8.00 to C$8.50 in a report on Thursday. TD Securities lifted their price objective on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, CIBC lowered their price objective on shares of 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. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$7.71.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$7.14 on Friday. The company has a debt-to-equity ratio of 228.52, a quick ratio of 1.05 and a current ratio of 1.17. The company has a market capitalization of C$617.25 million, a P/E ratio of 14.28, a price-to-earnings-growth ratio of -0.87 and a beta of 1.65. The company’s 50 day moving average price is C$7.84 and its two-hundred day moving average price is C$6.65. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$8.75.

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

Fiera Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date of this dividend is Friday, May 17th. Fiera Capital’s dividend payout ratio is currently 172.00%.

Insider Transactions at Fiera Capital

In other news, Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total transaction of C$485,432.64. Insiders own 0.88% of the company’s stock.

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.