Q2 2023 Earnings Forecast for Fiera Capital Co. (TSE:FSZ) Issued By Desjardins

Fiera Capital Co. (TSE:FSZ – Get Rating) – Equities research analysts at Desjardins dropped their Q2 2023 earnings per share (EPS) estimates for Fiera Capital in a research note issued on Thursday, May 11th. Desjardins analyst G. Ho now anticipates that the company will post earnings of $0.26 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Fiera Capital’s current full-year earnings is $1.10 per share. Desjardins also issued estimates for Fiera Capital’s Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.36 EPS, FY2023 earnings at $1.12 EPS and FY2024 earnings at $1.26 EPS.

A number of other brokerages have also recently commented on FSZ. National Bankshares lowered their target price on Fiera Capital from C$9.50 to C$8.50 in a report on Tuesday, May 2nd. CIBC cut their target price on Fiera Capital from C$9.00 to C$8.00 in a research report on Tuesday, April 25th. BMO Capital Markets cut their target price on Fiera Capital from C$10.00 to C$9.50 in a research report on Monday, February 27th. Scotiabank cut their target price on Fiera Capital from C$10.50 to C$10.00 in a research report on Monday, February 27th. Finally, Royal Bank of Canada cut their price objective on Fiera Capital from C$10.00 to C$9.50 and set a “sector perform” rating on the stock in a research report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$9.14.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$7.04 on Monday. The company has a market cap of C$585.94 million, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of -0.87 and a beta of 1.40. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 215.25. The stock has a 50 day simple moving average of C$7.67 and a 200-day simple moving average of C$8.47. Fiera Capital has a 12-month low of C$6.90 and a 12-month high of C$10.23.

Fiera Capital (TSE:FSZ – Get Rating) last issued its quarterly earnings results on Friday, February 24th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.02). The company had revenue of C$184.70 million during the quarter, compared to analyst estimates of C$184.20 million. Fiera Capital had a net margin of 3.72% and a return on equity of 8.24%.

Fiera Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Monday, May 22nd will be paid a $0.215 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.86 dividend on an annualized basis and a yield of 12.22%. Fiera Capital’s dividend payout ratio (DPR) is 358.33%.

Fiera Capital Company Profile

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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.