Desjardins Has Strong Forecast for Fiera Capital Q4 Earnings

Fiera Capital Co. (TSE:FSZ) – Analysts at Desjardins increased their Q4 2024 earnings per share estimates for Fiera Capital in a research report issued on Wednesday, October 23rd. Desjardins analyst G. Ho now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.32. Desjardins currently has a “Hold” rating and a $9.00 target price 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 FY2026 earnings at $1.17 EPS.

Several other equities analysts have also recently commented on the stock. CIBC dropped their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. TD Securities cut their price objective on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from C$7.00 to C$8.00 in a research note on Monday, July 29th. National Bank Financial cut Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Finally, Scotiabank increased their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.14.

Fiera Capital Stock Up 0.8 %

Fiera Capital stock opened at C$9.33 on Friday. Fiera Capital has a fifty-two week low of C$4.35 and a fifty-two week high of C$9.35. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm’s 50-day simple moving average is C$8.10 and its 200 day simple moving average is C$7.70. The stock has a market cap of C$818.71 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The business had revenue of C$164.79 million for the quarter, compared to analysts’ expectations of C$160.80 million.

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’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 transaction of C$73,049.00. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction on Tuesday, September 10th. The stock was 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 stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total value of C$240,046.80. In the last three months, insiders have sold 207,400 shares of company stock worth $1,601,622. Company insiders own 0.86% of the company’s stock.

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.