FY2024 EPS Forecast for Fiera Capital Increased by Analyst

Fiera Capital Co. (TSE:FSZ) – Investment analysts at Desjardins lifted their FY2024 earnings per share (EPS) estimates for Fiera Capital in a research note issued on Thursday, January 30th. Desjardins analyst G. Ho now forecasts that the company will post earnings per share of $1.08 for the year, up from their prior forecast of $1.07. Desjardins has a “Hold” rating and a $9.00 price target on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.37 EPS.

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

A number of other research firms have also recently issued reports on FSZ. National Bankshares boosted their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lowered their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. TD Securities raised their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. CIBC lowered their price objective on shares of Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Scotiabank reduced their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Stock Down 0.9 %

Shares of TSE:FSZ opened at C$7.46 on Monday. The firm has a market capitalization of C$654.62 million, a PE ratio of 13.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The business has a 50 day simple moving average of C$8.88 and a two-hundred day simple moving average of C$8.64. Fiera Capital has a 1 year low of C$6.63 and a 1 year high of C$10.92. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Insider Buying and Selling

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$8.89, for a total transaction of C$93,028.60. 0.86% of the stock is currently owned by insiders.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This represents a $0.86 annualized dividend and a yield of 11.58%. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 19th. Fiera Capital’s dividend payout ratio (DPR) is presently 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.