FY2024 EPS Forecast for Fiera Capital Increased by Analyst

Fiera Capital Co. (TSE:FSZ - Free Report) - Investment analysts at Desjardins raised their FY2024 earnings estimates for Fiera Capital in a research report issued to clients and investors on Wednesday, October 23rd. Desjardins analyst G. Ho now expects that the company will earn $1.01 per share for the year, up from their prior estimate of $1.00. Desjardins currently has a "Hold" rating and a $9.00 price objective 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 $1.07 EPS.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The firm had revenue of C$164.79 million for the quarter, compared to analysts' expectations of C$160.80 million.

A number of other equities research analysts have also recently issued reports on the company. CIBC cut their target price on Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. National Bank Financial lowered shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research note on Sunday, July 28th. Scotiabank boosted their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. TD Securities lowered their target price on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, National Bankshares lowered Fiera Capital from a "sector perform" rating to an "underperform" rating and boosted their price target for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$8.14.

Fiera Capital Stock Performance

Shares of Fiera Capital stock traded up C$0.45 on Monday, reaching C$9.78. 1,071,722 shares of the company were exchanged, compared to its average volume of 279,704. Fiera Capital has a 1-year low of C$4.56 and a 1-year high of C$9.87. The firm has a market cap of C$858.20 million, a price-to-earnings ratio of 18.17, 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. The company's 50-day moving average is C$8.10 and its two-hundred day moving average is C$7.70.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. In related news, 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. Also, Senior Officer John Valentini sold 122,500 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Insiders sold 207,400 shares of company stock worth $1,601,622 over the last ninety days. Company insiders own 0.86% 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.