Analysts Expect Focus Financial Partners Inc. (NASDAQ:FOCS) Will Announce Earnings of $1.12 Per Share

Wall Street analysts predict that Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) will announce $1.12 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Focus Financial Partners’ earnings, with estimates ranging from $1.10 to $1.13. Focus Financial Partners posted earnings of $0.98 per share during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Focus Financial Partners will report full year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $4.72. For the next financial year, analysts anticipate that the business will post earnings of $5.21 per share, with EPS estimates ranging from $4.90 to $5.43. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. Focus Financial Partners had a return on equity of 25.03% and a net margin of 2.02%. The firm had revenue of $536.57 million for the quarter, compared to the consensus estimate of $515.65 million. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis.

Several research analysts recently weighed in on the company. The Goldman Sachs Group dropped their target price on Focus Financial Partners from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 31st. Truist Financial dropped their target price on Focus Financial Partners from $78.00 to $65.00 in a research note on Friday, May 6th. Raymond James lowered their price target on Focus Financial Partners from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, April 5th. Finally, Zacks Investment Research raised Focus Financial Partners from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Focus Financial Partners presently has a consensus rating of “Buy” and a consensus price target of $69.71.

Shares of FOCS stock opened at $36.22 on Monday. Focus Financial Partners has a 1-year low of $33.20 and a 1-year high of $69.13. The stock’s fifty day moving average price is $42.60 and its 200 day moving average price is $52.62. The company has a debt-to-equity ratio of 2.06, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 59.38, a price-to-earnings-growth ratio of 0.51 and a beta of 1.25.

Hedge funds have recently modified their holdings of the company. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Focus Financial Partners in the 4th quarter valued at about $29,000. Trustcore Financial Services LLC lifted its holdings in shares of Focus Financial Partners by 100.0% in the 4th quarter. Trustcore Financial Services LLC now owns 1,000 shares of the company’s stock valued at $60,000 after buying an additional 500 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Focus Financial Partners by 1,165.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,949 shares of the company’s stock valued at $102,000 after buying an additional 1,795 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Focus Financial Partners in the 4th quarter valued at about $126,000. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Focus Financial Partners by 12.1% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,353 shares of the company’s stock valued at $123,000 after buying an additional 254 shares during the period. 92.60% of the stock is owned by institutional investors and hedge funds.

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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