Q3 2024 Earnings Forecast for Fiera Capital Co. Issued By Desjardins (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – Analysts at Desjardins decreased their Q3 2024 earnings per share (EPS) estimates for shares of Fiera Capital in a research report issued on Thursday, April 25th. Desjardins analyst G. Ho now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.24. Desjardins has a “Hold” rating and a $7.25 price objective on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share.

A number of other equities research analysts have also recently commented on the stock. Scotiabank increased their target price on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. BMO Capital Markets cut Fiera Capital from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$8.00 to C$8.50 in a report on Thursday, February 29th. TD Securities boosted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their target price on shares of Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Finally, National Bankshares increased their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$7.64.

Fiera Capital Trading Up 0.6 %

Shares of TSE:FSZ opened at C$7.02 on Monday. Fiera Capital has a 1 year low of C$4.32 and a 1 year high of C$8.75. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05. The business’s 50 day moving average price is C$7.97 and its 200-day moving average price is C$6.59. The firm has a market capitalization of C$9.48 million, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. The company had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million.

Insider Buying and Selling at Fiera Capital

In other news, Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64. Company insiders own 3.22% of the company’s stock.

Fiera Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 12.25%. The ex-dividend date was Wednesday, March 13th. Fiera Capital’s dividend payout ratio (DPR) is presently 172.00%.

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.