Fiera Capital (TSE:FSZ) Posts Earnings Results

Fiera Capital (TSE:FSZ) announced its quarterly earnings results on Wednesday. The company reported C$0.19 earnings per share (EPS) for the quarter, FiscalAI reports. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The business had revenue of C$150.36 million during the quarter.

Fiera Capital Trading Down 21.8%

Shares of TSE:FSZ opened at C$2.23 on Friday. The company has a market cap of C$236.23 million, a P/E ratio of 12.39, a P/E/G ratio of -0.87 and a beta of 0.70. The stock’s 50-day moving average is C$3.65 and its 200-day moving average is C$4.92. Fiera Capital has a 52-week low of C$2.22 and a 52-week high of C$6.74. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55.

Wall Street Analysts Forecast Growth

FSZ has been the subject of several analyst reports. RBC Dominion Securities reduced their price objective on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Royal Bank Of Canada downgraded shares of Fiera Capital from a “hold” rating to a “sector perform” rating and lowered their target price for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. National Bank Financial cut their target price on Fiera Capital from C$3.25 to C$2.75 and set a “sector perform” rating on the stock in a report on Thursday. Desjardins cut their target price on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. Finally, TD reduced their price target on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Fiera Capital presently has a consensus rating of “Hold” and an average price target of C$2.23.

About Fiera Capital

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.