Fiera Capital (FSZ) Set to Announce Earnings on Wednesday

Fiera Capital (TSE:FSZ) will be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$168.12 million during the quarter, compared to the consensus estimate of C$160.30 million. Fiera Capital had a net margin of 9.84% and a return on equity of 23.90%.

Fiera Capital Stock Down 2.7 %

Fiera Capital stock opened at C$7.88 on Tuesday. The company has a market cap of C$681.23 million, a P/E ratio of 13.36, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85. Fiera Capital has a 1-year low of C$4.32 and a 1-year high of C$9.01. The company has a fifty day simple moving average of C$7.64 and a 200 day simple moving average of C$7.56. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 243.00.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. Scotiabank raised their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. National Bankshares lowered shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price target for the company from C$7.00 to C$8.00 in a report on Monday, July 29th. TD Securities lifted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, CIBC boosted their target price on shares of Fiera Capital from C$7.25 to C$9.00 in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$8.11.

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.