Fiera Capital Co. (TSE:FSZ) Forecasted to Post Q1 2024 Earnings of $0.16 Per Share

Fiera Capital Co. (TSE:FSZ) – Stock analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Fiera Capital in a report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn expects that the company will earn $0.16 per share for the quarter. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share. National Bank Financial also issued estimates for Fiera Capital’s Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.15 EPS and FY2025 earnings at $0.85 EPS.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share 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 business had revenue of C$210.97 million during the quarter, compared to analyst estimates of C$203.10 million.

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

Fiera Capital Stock Up 3.3 %

Shares of TSE FSZ opened at C$6.95 on Thursday. The company has a debt-to-equity ratio of 228.52, a quick ratio of 1.05 and a current ratio of 1.17. Fiera Capital has a 1 year low of C$4.32 and a 1 year high of C$8.75. The stock’s 50-day simple moving average is C$7.90 and its 200-day simple moving average is C$6.62. The firm has a market cap of C$9.38 million, a price-to-earnings ratio of 13.90, a PEG ratio of -0.87 and a beta of 0.81.

Fiera Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 12.37%. Fiera Capital’s payout ratio is 172.00%.

Insider Activity

In other Fiera Capital news, Senior Officer John Valentini sold 61,600 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64. 3.22% of the stock is owned by insiders.

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.