Wall Street brokerages expect Focus Financial Partners Inc. (NASDAQ:FOCS) to post earnings per share (EPS) of $0.97 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Focus Financial Partners’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.93. Focus Financial Partners posted earnings per share of $0.75 during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 4th.
According to Zacks, analysts expect that Focus Financial Partners will report full-year earnings of $3.87 per share for the current financial year, with EPS estimates ranging from $3.83 to $3.90. For the next financial year, analysts expect that the company will post earnings of $4.31 per share, with EPS estimates ranging from $4.24 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last issued its earnings results on Thursday, August 5th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Focus Financial Partners had a net margin of 0.49% and a return on equity of 26.13%. The company had revenue of $425.36 million during the quarter, compared to analyst estimates of $413.41 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s quarterly revenue was up 35.8% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in FOCS. Wasatch Advisors Inc. acquired a new position in Focus Financial Partners in the second quarter valued at $159,511,000. Vanguard Group Inc. lifted its holdings in Focus Financial Partners by 42.3% in the second quarter. Vanguard Group Inc. now owns 4,518,506 shares of the company’s stock valued at $219,148,000 after buying an additional 1,342,115 shares during the period. Morgan Stanley increased its stake in Focus Financial Partners by 79.7% in the first quarter. Morgan Stanley now owns 1,735,173 shares of the company’s stock valued at $72,217,000 after purchasing an additional 769,362 shares in the last quarter. Principal Financial Group Inc. increased its stake in Focus Financial Partners by 9,303.9% in the first quarter. Principal Financial Group Inc. now owns 749,117 shares of the company’s stock valued at $31,178,000 after purchasing an additional 741,151 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Focus Financial Partners by 24.1% in the second quarter. BlackRock Inc. now owns 3,405,041 shares of the company’s stock valued at $165,144,000 after purchasing an additional 660,777 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.
Focus Financial Partners stock traded up $1.19 during mid-day trading on Friday, reaching $50.56. The company had a trading volume of 4,795 shares, compared to its average volume of 489,122. Focus Financial Partners has a fifty-two week low of $30.04 and a fifty-two week high of $56.56. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.80. The company has a market cap of $3.67 billion, a P/E ratio of 352.64 and a beta of 1.22. The business has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $48.95.
About Focus Financial Partners
Focus Financial Partners, Inc is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.
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