Brokers Issue Forecasts for Fiera Capital FY2024 Earnings

Fiera Capital Co. (TSE:FSZ) – Investment analysts at Desjardins boosted their FY2024 earnings per share estimates for shares of Fiera Capital in a report released on Wednesday, October 23rd. Desjardins analyst G. Ho now expects that the company will post earnings per share of $1.01 for the year, up from their prior estimate of $1.00. Desjardins currently has a “Hold” rating and a $9.00 price objective 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 $1.07 EPS.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 EPS 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 company had revenue of C$164.79 million for the quarter, compared to analysts’ expectations of C$160.80 million.

Other research analysts also recently issued research reports about the stock. National Bankshares downgraded shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from C$7.00 to C$8.00 in a research report on Monday, July 29th. CIBC lowered their price target on Fiera Capital from C$9.00 to C$8.00 in a report on Thursday, August 8th. Scotiabank lifted their price objective on Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. TD Securities reduced their price objective on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, National Bank Financial cut Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$8.14.

Fiera Capital Stock Performance

Shares of TSE FSZ opened at C$9.33 on Monday. The firm’s 50-day moving average price is C$8.10 and its 200-day moving average price is C$7.70. Fiera Capital has a 52-week low of C$4.35 and a 52-week high of C$9.35. The company has a market cap of C$818.71 million, a PE ratio of 17.28, a PEG ratio of -0.87 and a beta of 1.64. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56.

Insider Buying and Selling

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction 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 transaction of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of Fiera Capital 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. In the last three months, insiders have sold 207,400 shares of company stock valued at $1,601,622. 0.86% of the stock is owned by company 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.