FY2022 EPS Estimates for Fiera Capital Co. Lowered by National Bank Financial (TSE:FSZ)

Fiera Capital Co. (TSE:FSZGet Rating) – Equities researchers at National Bank Financial dropped their FY2022 earnings per share (EPS) estimates for shares of Fiera Capital in a research report issued to clients and investors on Wednesday, July 27th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.97 per share for the year, down from their prior forecast of $1.15. The consensus estimate for Fiera Capital’s current full-year earnings is $1.42 per share. National Bank Financial also issued estimates for Fiera Capital’s FY2023 earnings at $1.22 EPS.

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

Several other research analysts have also issued reports on the company. Desjardins lowered Fiera Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. CIBC decreased their target price on Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research report on Friday, May 6th. Barclays decreased their target price on Fiera Capital from C$11.00 to C$10.00 in a research report on Friday. Scotiabank reduced their price objective on Fiera Capital from C$10.50 to C$9.50 in a research report on Tuesday, July 26th. Finally, National Bankshares reduced their price objective on Fiera Capital from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$10.79.

Fiera Capital Trading Up 0.9 %

FSZ opened at C$9.11 on Monday. 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 capitalization of C$933.95 million and a price-to-earnings ratio of 17.52. The business has a 50 day simple moving average of C$9.39 and a two-hundred day simple moving average of C$9.86. The company has a debt-to-equity ratio of 195.92, a current ratio of 1.24 and a quick ratio of 1.14.

Insider Buying and Selling at Fiera Capital

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

Fiera Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Monday, May 16th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 13th. This represents a $0.86 dividend on an annualized basis and a yield of 9.44%. Fiera Capital’s dividend payout ratio is presently 163.46%.

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.

Further Reading

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

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