FY2024 EPS Estimates for Fiera Capital Raised by Analyst

Fiera Capital Co. (TSE:FSZ) – Stock analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Fiera Capital in a report issued on Thursday, November 7th. National Bank Financial analyst J. Gloyn now expects that the company will earn $1.17 per share for the year, up from their previous forecast of $1.03. National Bank Financial currently has a “Strong Sell” rating on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. National Bank Financial also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.45 EPS, FY2025 earnings at $1.09 EPS and FY2026 earnings at $1.12 EPS.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The firm had revenue of C$171.71 million during the quarter, compared to analysts’ expectations of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%.

A number of other brokerages have also commented on FSZ. Scotiabank boosted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. BMO Capital Markets boosted their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. CIBC raised their price objective on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday. TD Securities upped their target price on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday. Finally, National Bankshares raised their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Fiera Capital currently has an average rating of “Hold” and an average target price of C$9.07.

Fiera Capital Price Performance

Shares of FSZ stock opened at C$9.70 on Monday. The firm has a fifty day simple moving average of C$8.54 and a 200-day simple moving average of C$7.85. The company has a market capitalization of C$851.18 million, a PE ratio of 17.96, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a twelve month low of C$4.77 and a twelve month high of C$10.92. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction that occurred on 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 news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction dated 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 the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold 207,400 shares of company stock valued at $1,601,622 over the last quarter. Insiders own 0.86% of the company’s stock.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.216 per share. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.86 annualized dividend and a yield of 8.91%. Fiera Capital’s dividend payout ratio is 159.26%.

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.