FY2024 EPS Estimates for Fiera Capital Boosted by Analyst

Fiera Capital Co. (TSE:FSZ) – Analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Fiera Capital in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $1.03 for the year, up from their previous 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) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. The company had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%.

Other analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. BMO Capital Markets lifted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday. CIBC cut their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. TD Securities lowered their price objective on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, Desjardins upped their target price on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$8.29.

Fiera Capital Trading Down 1.1 %

TSE FSZ opened at C$9.71 on Thursday. Fiera Capital has a 12 month low of C$4.63 and a 12 month high of C$9.90. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The firm has a market capitalization of C$852.05 million, a PE ratio of 17.98, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The business’s 50-day moving average price is C$8.26 and its two-hundred day moving average price is C$7.75.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction 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 other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. Over the last quarter, insiders have sold 207,400 shares of company stock worth $1,601,622. Corporate 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.