Fiera Capital (TSE:FSZ) Issues Quarterly Earnings Results

Fiera Capital (TSE:FSZ) issued its quarterly earnings results on Friday. The company reported C$0.21 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$153.31 million for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%.

Here are the key takeaways from Fiera Capital’s conference call:

• Private markets AUM grew ~1% with CAD 140M of new mandates, ~CAD 120M net inflows, ~CAD 300M deployed and a CAD 2B undeployed pipeline, and the firm closed on buying the remaining 25% of Fiera Infrastructure (CAD 17.5M upfront) to accelerate private growth.
• Expense discipline drove structural savings (SG&A ex‑SBC down 7% YoY) and expanded adjusted EBITDA margin to 27.9% (up 130 bps YoY), supporting improved profitability despite revenue headwinds.
• Total AUM fell to CAD 160.2B (down ~2.4% QoQ) due to March equity volatility, CAD 1.3B net outflows, the planned wind‑down of a CAD 650M small‑cap strategy, and two post‑quarter transfers totaling CAD 3.6B from the sub‑advised business to Pinestone.
• Revenues were CAD 153M (down 6% YoY) and adjusted net earnings CAD 23.5M, with performance fees negligible in Q1, which pressured sequential revenue and EPS compared with seasonally stronger Q4 results.
• Balance sheet actions included net debt of ~CAD 700M (3.6x), a CAD 100M private debenture placement to FTQ and hybrid redemption, repurchases of ~558K shares (CAD 3.2M), and a plan to allocate ~50% of excess free cash flow to debt reduction while maintaining the CAD 0.108/share quarterly dividend.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$5.73 on Friday. The company has a debt-to-equity ratio of 344.23, a current ratio of 21.93 and a quick ratio of 1.05. The stock has a market cap of C$607.75 million, a PE ratio of 16.85, a price-to-earnings-growth ratio of -0.87 and a beta of 1.12. The stock has a 50-day moving average of C$5.52 and a 200-day moving average of C$5.88. Fiera Capital has a one year low of C$5.11 and a one year high of C$7.17.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. National Bank Financial reduced their price target on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 4th. Desjardins reduced their price target on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating on the stock in a research report on Monday, April 27th. TD Securities reduced their price target on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. Finally, Royal Bank Of Canada set a C$6.00 price objective on Fiera Capital and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.73.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.