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

Fiera Capital Co. (TSE:FSZGet 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:FSZGet 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

(Get Rating)

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.

See Also

Earnings History and Estimates for Fiera Capital (TSE:FSZ)

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