Focus Financial Partners Inc. (NASDAQ:FOCS) Expected to Post Quarterly Sales of $515.28 Million

Equities research analysts predict that Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) will post sales of $515.28 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Focus Financial Partners’ earnings. The highest sales estimate is $521.00 million and the lowest is $511.53 million. Focus Financial Partners reported sales of $394.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.7%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Focus Financial Partners will report full-year sales of $2.20 billion for the current year, with estimates ranging from $2.15 billion to $2.27 billion. For the next financial year, analysts forecast that the business will post sales of $2.60 billion, with estimates ranging from $2.51 billion to $2.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last posted its earnings results on Thursday, February 17th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $523.89 million during the quarter, compared to the consensus estimate of $484.05 million. Focus Financial Partners had a net margin of 0.58% and a return on equity of 24.59%. The company’s revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share.

Several equities analysts have recently weighed in on the stock. Raymond James reduced their target price on shares of Focus Financial Partners from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, April 5th. Zacks Investment Research lowered shares of Focus Financial Partners from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Focus Financial Partners from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $72.14.

Shares of FOCS traded up $0.67 during trading hours on Wednesday, hitting $42.68. The company’s stock had a trading volume of 400,849 shares, compared to its average volume of 390,457. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 251.07, a PEG ratio of 0.53 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 3.15 and a quick ratio of 3.15. The business has a 50 day simple moving average of $47.55 and a two-hundred day simple moving average of $55.32. Focus Financial Partners has a 52-week low of $41.51 and a 52-week high of $69.13.

Institutional investors have recently made changes to their positions in the business. Andrew Hill Investment Advisors Inc. bought a new stake in Focus Financial Partners during the fourth quarter valued at approximately $29,000. Trustcore Financial Services LLC lifted its position in Focus Financial Partners by 100.0% during the fourth quarter. Trustcore Financial Services LLC now owns 1,000 shares of the company’s stock valued at $60,000 after purchasing an additional 500 shares during the last quarter. Captrust Financial Advisors lifted its position in Focus Financial Partners by 1,165.6% during the third quarter. Captrust Financial Advisors now owns 1,949 shares of the company’s stock valued at $102,000 after purchasing an additional 1,795 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Focus Financial Partners during the fourth quarter valued at approximately $126,000. Finally, Advisor Group Holdings Inc. lifted its position in Focus Financial Partners by 12.1% during the third quarter. Advisor Group Holdings Inc. now owns 2,353 shares of the company’s stock valued at $123,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.

About Focus Financial Partners (Get Rating)

Focus Financial Partners Inc provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services.

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