FY2024 EPS Estimates for Fiera Capital Increased by Analyst

Fiera Capital Co. (TSE:FSZ - Free Report) - Equities researchers at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Fiera Capital in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $1.03 per share for the year, up from their prior forecast of $0.94. National Bank Financial currently has a "Strong Sell" rating on the stock. The consensus estimate for Fiera Capital's current full-year earnings is $1.09 per share.

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 return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million.

A number of other equities analysts also recently issued reports on FSZ. TD Securities lowered their price target on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. National Bankshares lifted their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an "underperform" rating in a research note on Wednesday. Desjardins boosted their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Scotiabank increased their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. Finally, CIBC cut their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, Fiera Capital presently has an average rating of "Hold" and a consensus price target of C$8.29.

Fiera Capital Stock Performance

Shares of FSZ stock traded down C$0.11 on Thursday, hitting C$9.71. The company had a trading volume of 397,814 shares, compared to its average volume of 281,430. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The firm has a market cap of C$852.05 million, a P/E ratio of 18.19, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a 50-day moving average price of C$8.21 and a 200-day moving average price of C$7.74. Fiera Capital has a twelve month low of C$4.63 and a twelve month high of C$9.90.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the 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 122,500 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital 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 have sold a total of 207,400 shares of company stock valued at $1,601,622 in the last 90 days. 0.86% of the stock is owned by insiders.

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.