FY2024 Earnings Forecast for Fiera Capital Co. Issued By National Bank Financial (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – Investment analysts at National Bank Financial decreased their FY2024 earnings per share estimates for shares of Fiera Capital in a research report issued on Wednesday, November 8th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $0.70 per share for the year, down from their prior estimate of $0.77. The consensus estimate for Fiera Capital’s current full-year earnings is $1.07 per share. National Bank Financial also issued estimates for Fiera Capital’s FY2025 earnings at $0.74 EPS.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Thursday, August 10th. The company reported C$0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.24. The business had revenue of C$159.84 million for the quarter, compared to the consensus estimate of C$164.50 million. Fiera Capital had a return on equity of 7.43% and a net margin of 2.90%.

Several other equities analysts also recently weighed in on the company. Desjardins cut their target price on Fiera Capital from C$7.50 to C$6.75 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada decreased their target price on Fiera Capital from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a research report on Thursday. TD Securities cut their price target on shares of Fiera Capital from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Thursday. National Bankshares reduced their price target on shares of Fiera Capital from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Fiera Capital from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$6.00.

Fiera Capital Stock Performance

TSE FSZ opened at C$5.21 on Friday. The company has a market cap of C$446.44 million, a P/E ratio of 28.94, a P/E/G ratio of -0.87 and a beta of 1.49. The company has a debt-to-equity ratio of 274.79, a quick ratio of 1.05 and a current ratio of 1.24. The business’s 50 day moving average price is C$5.45 and its 200-day moving average price is C$11.63. Fiera Capital has a fifty-two week low of C$4.32 and a fifty-two week high of C$9.73.

Institutional Trading of Fiera Capital

A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in Fiera Capital by 493.4% during the 2nd quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock worth $5,483,000 after buying an additional 86,086 shares during the last quarter. Morgan Stanley raised its position in Fiera Capital by 511.5% during the 4th quarter. Morgan Stanley now owns 97,152 shares of the company’s stock worth $5,332,000 after buying an additional 81,264 shares during the last quarter. First Trust Advisors LP raised its position in Fiera Capital by 4.1% during the 1st quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock worth $67,108,000 after buying an additional 43,403 shares during the last quarter. Wells Fargo & Company MN raised its position in Fiera Capital by 184.3% during the 4th quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock worth $1,230,000 after buying an additional 14,526 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Fiera Capital by 207.2% during the 1st quarter. Prudential Financial Inc. now owns 18,317 shares of the company’s stock worth $1,185,000 after buying an additional 12,355 shares during the last quarter. 17.56% of the stock is currently owned by institutional investors and hedge funds.

Fiera Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 20th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 16.51%. The ex-dividend date of this dividend is Friday, November 17th. Fiera Capital’s dividend payout ratio (DPR) is presently 477.78%.

Fiera Capital Company Profile

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.