FY2024 EPS Estimates for Fiera Capital Boosted by Analyst

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at National Bank Financial lifted their FY2024 earnings estimates for Fiera Capital in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will earn $1.18 per share for the year, up from their previous estimate of $1.17. 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 FY2026 earnings at $1.03 EPS.

A number of other equities analysts have also commented on FSZ. National Bankshares boosted their price objective 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 target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Scotiabank lowered their price target on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. CIBC lowered their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Stock Down 0.9 %

Shares of TSE FSZ opened at C$7.46 on Tuesday. The company has a market cap of C$654.62 million, a P/E ratio of 13.81, a P/E/G ratio of -0.87 and a beta of 1.64. Fiera Capital has a 12-month low of C$6.63 and a 12-month high of C$10.92. The stock has a fifty day moving average price of C$8.88 and a 200 day moving average price of C$8.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

Fiera Capital (TSE:FSZ) last announced its quarterly 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 company 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%.

Fiera Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.216 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.58%. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s payout ratio is currently 159.26%.

Insider Activity

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 shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is currently owned by corporate 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.