Fiera Capital (FSZ) to Release Earnings on Wednesday

Fiera Capital (TSE:FSZ) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.22 per share for the quarter.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million.

Fiera Capital Price Performance

Shares of TSE FSZ opened at C$6.95 on Monday. Fiera Capital has a twelve month low of C$4.32 and a twelve month high of C$8.75. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. The company has a market capitalization of C$9.38 million, a PE ratio of 13.90, a P/E/G ratio of -0.87 and a beta of 0.81. The firm has a fifty day simple moving average of C$7.90 and a 200 day simple moving average of C$6.63.

Fiera Capital Announces Dividend

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

Insider Activity

In related news, Senior Officer John Valentini sold 61,600 shares of the company’s stock in a transaction that occurred 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. 3.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSZ. TD Securities lifted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. CIBC decreased their price target on shares of Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating for the company in a research note on Friday, April 26th. National Bankshares lifted 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 note on Thursday, February 29th. BMO Capital Markets cut shares of Fiera Capital from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$8.00 to C$8.50 in a report on Thursday, February 29th. Finally, Royal Bank of Canada lifted 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 report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$7.64.

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.