FY2024 EPS Estimates for Fiera Capital Raised by Desjardins

Fiera Capital Co. (TSE:FSZ) – Research analysts at Desjardins increased their FY2024 earnings per share estimates for shares of Fiera Capital in a report released on Thursday, January 30th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $1.08 for the year, up from their prior forecast of $1.07. Desjardins currently has a “Hold” rating and a $9.00 target price 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.

Several other equities research analysts have also commented on FSZ. National Bankshares upped their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. CIBC reduced their price target on 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. BMO Capital Markets lowered their price objective on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Scotiabank cut their price objective on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. Finally, TD Securities raised their target price 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Stock Performance

Shares of TSE FSZ opened at C$7.46 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. Fiera Capital has a 12-month low of C$6.63 and a 12-month high of C$10.92. The firm has a market capitalization of C$654.62 million, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The firm has a 50 day moving average of C$8.88 and a 200 day moving average of C$8.64.

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

Fiera Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 dividend on an annualized basis and a yield of 11.58%. The ex-dividend date of this dividend was Tuesday, November 19th. Fiera Capital’s dividend payout ratio (DPR) is 159.26%.

Insider Activity

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. Company insiders own 0.86% of the company’s stock.

About Fiera Capital

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.