Desjardins Analysts Increase Earnings Estimates for Fiera Capital Co. (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – Stock analysts at Desjardins raised their Q4 2024 earnings per share (EPS) estimates for Fiera Capital in a report issued on Wednesday, May 8th. Desjardins analyst G. Ho now anticipates that the company will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.31. Desjardins currently 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.

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

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut shares of Fiera Capital from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$8.00 to C$8.50 in a report on Thursday, February 29th. Scotiabank increased their target price on Fiera Capital from C$8.00 to C$8.50 in a research note on Thursday. National Bankshares raised their target price on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a report on Thursday, February 29th. TD Securities upped their price target on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, CIBC lowered 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 note on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$7.71.

Fiera Capital Price Performance

Shares of Fiera Capital stock opened at C$7.14 on Friday. The stock has a market capitalization of C$617.25 million, a price-to-earnings ratio of 14.28, a PEG ratio of -0.87 and a beta of 1.65. Fiera Capital has a 1-year low of C$4.32 and a 1-year high of C$8.75. 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 firm has a fifty day simple moving average of C$7.84 and a 200-day simple moving average of C$6.65.

Insider Activity at Fiera Capital

In related news, Senior Officer John Valentini sold 61,600 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64. 0.88% of the stock is currently owned by corporate insiders.

Fiera Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date is Friday, May 17th. Fiera Capital’s dividend payout ratio is presently 172.00%.

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.