Brokerages expect that Federated Investors Inc (NYSE:FII) will report earnings per share (EPS) of $0.66 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Federated Investors’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. Federated Investors posted earnings per share of $0.59 during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The firm is expected to announce its next earnings results after the market closes on Thursday, October 24th.
On average, analysts expect that Federated Investors will report full-year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.45 to $2.55. For the next fiscal year, analysts expect that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.62 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover Federated Investors.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $317.81 million. Federated Investors had a return on equity of 27.29% and a net margin of 19.16%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share.
A number of research analysts have commented on the company. Citigroup boosted their price objective on Federated Investors from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Zacks Investment Research cut Federated Investors from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday. Finally, ValuEngine cut Federated Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and a consensus price target of $30.57.
Shares of FII traded down $0.43 during midday trading on Wednesday, reaching $31.35. 406,188 shares of the company were exchanged, compared to its average volume of 528,027. The stock has a 50-day moving average price of $31.98 and a 200-day moving average price of $32.04. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.54 and a beta of 0.77. Federated Investors has a 1-year low of $22.14 and a 1-year high of $35.98. The company has a current ratio of 2.23, a quick ratio of 1.92 and a debt-to-equity ratio of 0.26.
In other news, VP Paul A. Uhlman sold 40,000 shares of Federated Investors stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total transaction of $1,406,000.00. Following the sale, the vice president now directly owns 195,364 shares of the company’s stock, valued at $6,867,044.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Federated Investors by 29.6% during the third quarter. State of Alaska Department of Revenue now owns 17,090 shares of the asset manager’s stock worth $553,000 after acquiring an additional 3,906 shares during the last quarter. Royal Bank of Canada increased its position in shares of Federated Investors by 3.3% during the second quarter. Royal Bank of Canada now owns 353,810 shares of the asset manager’s stock worth $11,499,000 after acquiring an additional 11,276 shares during the last quarter. Eaton Vance Management increased its holdings in Federated Investors by 14.9% in the second quarter. Eaton Vance Management now owns 29,659 shares of the asset manager’s stock valued at $964,000 after buying an additional 3,847 shares during the last quarter. California Public Employees Retirement System increased its holdings in Federated Investors by 2.8% in the second quarter. California Public Employees Retirement System now owns 188,766 shares of the asset manager’s stock valued at $6,135,000 after buying an additional 5,126 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Federated Investors by 306.7% in the second quarter. Nuveen Asset Management LLC now owns 530,604 shares of the asset manager’s stock valued at $17,245,000 after buying an additional 400,145 shares during the last quarter. 82.82% of the stock is currently owned by institutional investors and hedge funds.
About Federated Investors
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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