FY2024 EPS Estimates for Fiera Capital Raised by Analyst

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at Desjardins lifted their FY2024 earnings estimates for shares of Fiera Capital in a report released on Thursday, January 30th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $1.08 for the year, up from their prior estimate of $1.07. Desjardins currently has a “Hold” rating and a $9.00 target price 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 Q4 2024 earnings at $0.37 EPS.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. The firm had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%.

Several other equities analysts also recently commented on the company. CIBC dropped their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a research report on Thursday. Scotiabank cut their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday. 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 report on Wednesday, October 30th. TD Securities raised their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets reduced their price objective on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Trading Down 1.5 %

TSE FSZ opened at C$7.85 on Monday. The company has a market cap of C$688.84 million, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a twelve month low of C$6.58 and a twelve month high of C$10.92. 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 business’s fifty day moving average is C$8.93 and its 200 day moving average is C$8.64.

Fiera Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were paid a dividend of $0.216 per share. This represents a $0.86 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend was Tuesday, November 19th. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s dividend payout ratio (DPR) is currently 159.26%.

Insider Activity at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is owned by company 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.