Zacks: Analysts Expect Federated Investors Inc (FII) Will Announce Earnings of $0.53 Per Share
Brokerages expect Federated Investors Inc (NYSE:FII) to announce earnings per share of $0.53 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Federated Investors’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.50. Federated Investors reported earnings of $0.56 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The company is scheduled to issue its next earnings report on Thursday, October 25th.
On average, analysts expect that Federated Investors will report full-year earnings of $2.25 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.35 per share, with EPS estimates ranging from $2.23 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Federated Investors.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. The company had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $257.86 million. Federated Investors had a return on equity of 31.51% and a net margin of 26.70%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share.
Shares of FII traded down $0.32 during midday trading on Friday, reaching $22.82. 28,130 shares of the company were exchanged, compared to its average volume of 752,929. The stock has a market cap of $2.35 billion, a PE ratio of 10.46, a P/E/G ratio of 1.87 and a beta of 1.26. Federated Investors has a 1-year low of $22.06 and a 1-year high of $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.58 and a quick ratio of 3.27.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 8th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Tuesday, August 7th. Federated Investors’s dividend payout ratio (DPR) is 49.54%.
In other Federated Investors news, Director Michael J. Farrell purchased 65,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were acquired at an average price of $24.12 per share, for a total transaction of $1,567,800.00. Following the completion of the purchase, the director now owns 38,150 shares in the company, valued at approximately $920,178. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FII. Millennium Management LLC bought a new stake in Federated Investors in the fourth quarter valued at about $407,000. Dupont Capital Management Corp increased its holdings in Federated Investors by 306.5% in the first quarter. Dupont Capital Management Corp now owns 103,475 shares of the asset manager’s stock valued at $3,456,000 after buying an additional 78,020 shares during the last quarter. ARP Americas LP bought a new stake in Federated Investors in the first quarter valued at about $287,000. Alps Advisors Inc. increased its holdings in Federated Investors by 22.7% in the first quarter. Alps Advisors Inc. now owns 36,174 shares of the asset manager’s stock valued at $1,208,000 after buying an additional 6,696 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Federated Investors by 2.3% in the first quarter. New York State Teachers Retirement System now owns 161,349 shares of the asset manager’s stock valued at $5,389,000 after buying an additional 3,600 shares during the last quarter. 84.37% of the stock is owned by hedge funds and other institutional investors.
About Federated Investors
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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