National Bank Financial Weighs in on Fiera Capital Co.’s Q1 2024 Earnings (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – Analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Fiera Capital in a note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn anticipates that the company will earn $0.16 per share for the quarter. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share. National Bank Financial also issued estimates for Fiera Capital’s Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.15 EPS and FY2025 earnings at $0.85 EPS.

A number of other brokerages also recently commented on FSZ. TD Securities lifted their price objective on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. National Bankshares boosted their price target on shares of 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. BMO Capital Markets cut shares of Fiera Capital from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$8.00 to C$8.50 in a research report on Thursday, February 29th. CIBC reduced their target price on shares of 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. Finally, Scotiabank increased their price target on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$7.64.

Fiera Capital Stock Up 3.3 %

FSZ stock opened at C$6.95 on Thursday. The company has a market cap of C$9.38 million, a price-to-earnings ratio of 13.90, a PEG ratio of -0.87 and a beta of 0.81. The firm has a 50-day moving average of C$7.90 and a two-hundred day moving average of C$6.62. 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.

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

Fiera Capital Announces Dividend

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

Insider Activity at Fiera Capital

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

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.