Brokers Issue Forecasts for Fiera Capital Co.’s Q2 2022 Earnings (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ – Get Rating) – Research analysts at National Bank Financial issued their Q2 2022 earnings per share (EPS) estimates for shares of Fiera Capital in a report released on Wednesday, May 4th. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings per share of $0.21 for the quarter. National Bank Financial also issued estimates for Fiera Capital’s Q3 2022 earnings at $0.23 EPS, FY2022 earnings at $1.15 EPS and FY2023 earnings at $1.44 EPS.

Fiera Capital (TSE:FSZ – Get Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported C$0.58 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.16. The company had revenue of C$241.93 million for the quarter, compared to analysts’ expectations of C$206.60 million.

Other equities analysts have also issued research reports about the company. National Bankshares dropped their target price on Fiera Capital from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, April 21st. TD Securities upgraded shares of Fiera Capital from a “hold” rating to a “buy” rating and upped their price objective for the company from C$11.00 to C$12.00 in a research note on Monday, February 28th. Barclays decreased their price objective on shares of Fiera Capital from C$11.00 to C$10.00 and set an “equal wight” rating for the company in a research note on Wednesday, January 26th. CIBC decreased their price objective on shares of Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research note on Friday. Finally, Scotiabank decreased their price objective on shares of Fiera Capital from C$11.50 to C$10.50 in a research note on Wednesday, April 20th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$11.07.

TSE:FSZ opened at C$9.51 on Monday. The firm has a market capitalization of C$974.96 million and a PE ratio of 14.07. The business’s fifty day moving average price is C$10.29 and its 200 day moving average price is C$10.40. The company has a debt-to-equity ratio of 171.35, a current ratio of 1.16 and a quick ratio of 1.10. Fiera Capital has a 12 month low of C$9.36 and a 12 month high of C$11.75.

In other news, insider FIERA CAPITAL S.E.C. sold 23,615 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of C$10.40, for a total transaction of C$245,598.36. Following the completion of the transaction, the insider now directly owns 4,239,935 shares of the company’s stock, valued at approximately C$44,095,747.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Stockholders of record on Monday, May 16th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, May 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 9.04%. Fiera Capital’s dividend payout ratio (DPR) is 125.74%.

Fiera Capital Company Profile (Get Rating)

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.

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