Q4 Earnings Forecast for Fiera Capital Issued By Desjardins

Fiera Capital Co. (TSE:FSZ) – Investment analysts at Desjardins raised their Q4 2024 EPS estimates for Fiera Capital in a research note issued on Friday, November 8th. Desjardins analyst G. Ho now forecasts that the company will earn $0.35 per share for the quarter, up from their previous forecast of $0.33. Desjardins has a “Hold” rating and a $9.00 price target on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. Desjardins also issued estimates for Fiera Capital’s FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.27 EPS.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$171.71 million during the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%.

Several other analysts have also weighed in on the stock. CIBC raised their price objective on shares of Fiera Capital from C$9.50 to C$11.00 in a report on Friday. TD Securities raised their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday. Scotiabank increased their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Finally, National Bank Financial cut shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$9.07.

Fiera Capital Stock Performance

TSE FSZ opened at C$9.72 on Monday. The firm has a market cap of C$852.93 million, a price-to-earnings ratio of 18.00, a PEG ratio of -0.87 and a beta of 1.64. The company has a 50 day moving average of C$8.54 and a 200-day moving average of C$7.85. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. Fiera Capital has a 1-year low of C$4.77 and a 1-year high of C$10.92.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Over the last ninety days, insiders have sold 207,400 shares of company stock valued at $1,601,622. 0.86% of the stock is currently owned by insiders.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be paid a $0.216 dividend. The ex-dividend date is Tuesday, November 19th. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 dividend on an annualized basis and a yield of 8.89%. Fiera Capital’s dividend payout ratio (DPR) is presently 159.26%.

About Fiera Capital

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.