Fiera Capital (FSZ) to Release Quarterly Earnings on Wednesday

Fiera Capital (TSE:FSZ) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Fiera Capital to post earnings of C$0.22 per share for the quarter.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.07. The business had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%.

Fiera Capital Trading Up 3.3 %

Shares of TSE FSZ opened at C$6.95 on Monday. The company has a market cap of C$9.38 million, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81. Fiera Capital has a 12-month low of C$4.32 and a 12-month high of C$8.75. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The stock’s 50 day simple moving average is C$7.90 and its 200 day simple moving average is C$6.63.

Fiera Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

FSZ has been the topic of several recent analyst reports. Desjardins lifted their target price on Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a research note on Thursday, February 29th. TD Securities lifted their target price on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. CIBC cut their target price on Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets downgraded Fiera Capital from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$8.00 to C$8.50 in a research note on Thursday, February 29th. Finally, National Bankshares lifted their price target on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$7.64.

Insider Buying and Selling

In other news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64. Insiders own 3.22% of the company’s stock.

Fiera Capital Company Profile

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.