Desjardins Brokers Lower Earnings Estimates for Fiera Capital Co. (TSE:FSZ)

Fiera Capital Co. (TSE:FSZGet Rating) – Stock analysts at Desjardins decreased their Q2 2022 earnings estimates for shares of Fiera Capital in a research report issued to clients and investors on Wednesday, July 27th. Desjardins analyst G. Ho now anticipates that the company will earn $0.29 per share for the quarter, down from their previous estimate of $0.31. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $1.42 per share. Desjardins also issued estimates for Fiera Capital’s Q3 2022 earnings at $0.28 EPS, FY2022 earnings at $1.26 EPS and FY2023 earnings at $1.32 EPS.

A number of other equities analysts have also recently issued reports on the stock. National Bankshares dropped their price objective on shares of Fiera Capital from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Wednesday. CIBC decreased their price objective on shares of Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Friday, May 6th. Finally, Scotiabank decreased their price objective on shares of Fiera Capital from C$10.50 to C$9.50 in a report on Tuesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$10.79.

Fiera Capital Stock Performance

Fiera Capital has a one year low of C$8.84 and a one year high of C$11.75. The firm has a market cap of C$925.75 million and a PE ratio of 17.54. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 195.92. The firm has a 50-day simple moving average of C$9.39 and a two-hundred day simple moving average of C$9.88.

Fiera Capital (TSE:FSZGet Rating) last released its earnings results on Wednesday, May 4th. The company reported C$0.32 EPS for the quarter, meeting the consensus estimate of C$0.32. The company had revenue of C$172.34 million for the quarter.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, Director Jean-Guy Desjardins sold 135,588 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of C$9.25, for a total transaction of C$1,254,243.24. Following the completion of the sale, the director now owns 80,000 shares in the company, valued at approximately C$740,032.

Fiera Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Monday, May 16th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of ∞. The ex-dividend date was Friday, May 13th. Fiera Capital’s payout ratio is 163.46%.

About Fiera Capital

(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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Earnings History and Estimates for Fiera Capital (TSE:FSZ)

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