FY2024 EPS Forecast for Fiera Capital Increased by Analyst

Fiera Capital Co. (TSE:FSZ) – Equities researchers at National Bank Financial raised their FY2024 EPS estimates for shares of Fiera Capital in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $1.18 for the year, up from their prior forecast of $1.17. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. National Bank Financial also issued estimates for Fiera Capital’s FY2026 earnings at $1.03 EPS.

Other research analysts have also issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Desjardins lifted their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. TD Securities lifted their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th. National Bankshares boosted their price objective 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, October 30th. Finally, CIBC decreased their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, Fiera Capital presently has a consensus rating of “Hold” and an average price target of C$8.93.

Fiera Capital Price Performance

Shares of TSE FSZ opened at C$7.53 on Tuesday. Fiera Capital has a 52 week low of C$6.63 and a 52 week high of C$10.92. The stock has a market capitalization of C$660.76 million, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The firm has a 50-day simple moving average of C$8.93 and a 200-day simple moving average of C$8.65. 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 (TSE:FSZ) last released its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.06. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million.

Fiera Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were paid a $0.216 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.47%. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 19th. Fiera Capital’s dividend payout ratio (DPR) is currently 159.26%.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Corporate 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.