Fiera Capital Co. (TSE:FSZ - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 EPS estimates for shares of Fiera Capital in a note issued to investors on Thursday, November 7th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $1.17 per share for the year, up from their previous forecast of $1.03. National Bank Financial has a "Strong Sell" rating on the stock. 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 Q4 2024 earnings at $0.45 EPS, FY2025 earnings at $1.09 EPS and FY2026 earnings at $1.12 EPS.
Fiera Capital (TSE:FSZ - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million.
Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Scotiabank raised their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. National Bankshares raised their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. CIBC raised their price objective on shares of Fiera Capital from C$9.50 to C$11.00 in a report on Friday. Finally, TD Securities raised their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a "hold" rating in a report on Friday. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$9.07.
Get Our Latest Research Report on Fiera Capital
Fiera Capital Stock Down 0.6 %
Fiera Capital stock traded down C$0.06 during midday trading on Monday, hitting C$9.66. 263,630 shares of the stock were exchanged, compared to its average volume of 291,815. Fiera Capital has a 1 year low of C$4.77 and a 1 year high of C$10.92. The firm has a market cap of C$847.67 million, a P/E ratio of 17.96, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The company has a 50 day moving average price of C$8.54 and a two-hundred day moving average price of C$7.85.
Fiera Capital Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.216 per share. This represents a $0.86 dividend on an annualized basis and a yield of 8.94%. This is a positive change from Fiera Capital's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, November 19th. Fiera Capital's payout ratio is presently 159.26%.
Insider Buying and Selling at Fiera Capital
In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Insiders sold 207,400 shares of company stock valued at $1,601,622 in the last ninety days. Company insiders own 0.86% of the company's stock.
About Fiera Capital
(
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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.
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