Brokers Offer Predictions for Fiera Capital FY2024 Earnings

Fiera Capital Co. (TSE:FSZ - Free Report) - Research analysts at National Bank Financial upped their FY2024 EPS estimates for shares of Fiera Capital in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $1.18 per share for the year, up from their previous estimate of $1.17. The consensus estimate for Fiera Capital's current full-year earnings is $1.09 per share. National Bank Financial also issued estimates for Fiera Capital's FY2026 earnings at $1.03 EPS.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, beating analysts' consensus estimates of C$0.19 by C$0.06. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million.

Several other research analysts have also issued reports on FSZ. TD Securities increased their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. CIBC lowered their target price on shares of Fiera Capital from C$11.00 to C$9.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. BMO Capital Markets lowered their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. Scotiabank cut their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. Finally, Desjardins increased their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$8.93.

Fiera Capital Stock Performance

Shares of TSE:FSZ remained flat at C$7.46 during trading on Tuesday. 167,185 shares of the stock were exchanged, compared to its average volume of 206,462. The business's 50 day moving average is C$8.84 and its two-hundred day moving average is C$8.63. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. Fiera Capital has a 12 month low of C$6.63 and a 12 month high of C$10.92. The stock has a market capitalization of C$654.62 million, a PE ratio of 13.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64.

Fiera Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.216 per share. The ex-dividend date was Tuesday, November 19th. This is an increase from Fiera Capital's previous quarterly dividend of $0.22. This represents a $0.86 annualized dividend and a dividend yield of 11.58%. Fiera Capital's dividend payout ratio (DPR) is 159.26%.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total transaction of C$93,028.60. Insiders own 0.86% of the company's stock.

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.