Fiera Capital FY2024 EPS Lifted by National Bank Financial

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of Fiera Capital in a research note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $1.03 per share for the year, up from their prior estimate of $0.94. National Bank Financial currently has a “Strong Sell” rating on the stock. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share.

Several other research analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday. Scotiabank upped their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. National Bankshares upped their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday. TD Securities decreased their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, CIBC decreased their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$8.29.

Fiera Capital Price Performance

Shares of TSE:FSZ opened at C$9.82 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. Fiera Capital has a fifty-two week low of C$4.63 and a fifty-two week high of C$9.90. The firm has a 50-day simple moving average of C$8.21 and a 200 day simple moving average of C$7.74. The company has a market cap of C$861.71 million, a PE ratio of 18.19, a P/E/G ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$164.79 million during the quarter, compared to the consensus estimate of C$160.80 million.

Insider Activity

In other news, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold 207,400 shares of company stock worth $1,601,622 over the last three months. Corporate insiders own 0.86% of the company’s stock.

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.