Fiera Capital Co. (TSE:FSZ) to Post Q3 2024 Earnings of $0.23 Per Share, Desjardins Forecasts

Fiera Capital Co. (TSE:FSZ) – Equities researchers at Desjardins lowered their Q3 2024 earnings estimates for shares of Fiera Capital in a report issued on Thursday, April 25th. Desjardins analyst G. Ho now forecasts that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.24. Desjardins has a “Hold” rating and a $7.25 price objective on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $0.97 per share.

FSZ has been the topic of a number of other reports. Scotiabank increased their price objective on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. CIBC dropped their price objective on shares of Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating on the stock in a research report on Friday, April 26th. TD Securities increased their price objective on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada increased their price objective on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets downgraded shares of Fiera Capital from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$8.00 to C$8.50 in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Fiera Capital currently has an average rating of “Hold” and a consensus price target of C$7.64.

Fiera Capital Trading Down 2.3 %

Shares of TSE:FSZ opened at C$6.86 on Monday. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$8.75. The company’s 50 day moving average is C$7.94 and its two-hundred day moving average is C$6.61. 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 company has a market cap of C$9.26 million, a PE ratio of 13.72, a P/E/G ratio of -0.87 and a beta of 0.81.

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

Insider Activity at Fiera Capital

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

Fiera Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.54%. The ex-dividend date was Wednesday, March 13th. Fiera Capital’s dividend payout ratio (DPR) is 172.00%.

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.