Fiera Capital Q3 EPS Lifted by National Bank Financial

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at National Bank Financial upped their Q3 2024 earnings per share estimates for Fiera Capital in a report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.17 per share for the quarter, up from their prior estimate of $0.13. 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 $0.39 EPS and FY2025 earnings at $0.92 EPS.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million.

Several other research firms have also recently weighed in on FSZ. TD Securities reduced their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. BMO Capital Markets boosted their price target on Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday. National Bankshares increased their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday. Desjardins boosted their target price on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, CIBC decreased their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$8.29.

Fiera Capital Stock Performance

FSZ stock opened at C$9.85 on Friday. Fiera Capital has a 1-year low of C$4.77 and a 1-year high of C$9.92. 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 cap of C$864.34 million, a PE ratio of 18.24, a P/E/G ratio of -0.87 and a beta of 1.64. The business’s 50-day moving average price is C$8.30 and its two-hundred day moving average price is C$7.77.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s 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 transaction of C$73,049.00. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital 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. Also, Senior Officer John Valentini sold 28,000 shares of the company’s stock in a transaction 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. Insiders sold a total of 207,400 shares of company stock worth $1,601,622 over the last quarter. 0.86% of the stock is currently owned by insiders.

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.