What is Desjardins' Forecast for Fiera Capital Q4 Earnings?

Fiera Capital Co. (TSE:FSZ - Free Report) - Analysts at Desjardins increased their Q4 2024 earnings estimates for Fiera Capital in a report issued on Friday, November 8th. Desjardins analyst G. Ho now expects that the company will post earnings of $0.35 per share for the quarter, up from their previous forecast of $0.33. Desjardins has a "Hold" rating and a $9.00 price target on the stock. The consensus estimate for Fiera Capital's current full-year earnings is $1.09 per share. Desjardins also issued estimates for Fiera Capital's FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.27 EPS.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, beating 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 analyst estimates of C$163.10 million.

Several other equities analysts have also weighed in on the stock. Scotiabank upped their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. CIBC boosted their target price on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday. National Bankshares boosted their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. National Bank Financial downgraded shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research report on Sunday, July 28th. Finally, TD Securities boosted 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 report on Friday. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$9.07.

Fiera Capital Stock Down 0.2 %

Shares of TSE FSZ traded down C$0.02 during trading on Monday, hitting C$9.70. 415,645 shares of the company traded hands, compared to its average volume of 292,512. The business's fifty day moving average is C$8.54 and its 200 day moving average is C$7.85. Fiera Capital has a fifty-two week low of C$4.77 and a fifty-two week high of C$10.92. The firm has a market capitalization of C$851.18 million, a price-to-earnings 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 quick ratio of 1.05 and a current ratio of 1.39.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In related news, Senior Officer John Valentini sold 28,000 shares of the company's stock in a transaction that occurred on 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 company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. In the last ninety days, insiders sold 207,400 shares of company stock valued at $1,601,622. Corporate insiders own 0.86% of the company's stock.

Fiera Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be given a $0.216 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 8.91%. This is an increase from Fiera Capital's previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, November 19th. Fiera Capital's dividend payout ratio is presently 159.26%.

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.