Forecasts Released for Fiera Capital's FY2024 Earnings

On October 23rd, Desjardins increased its earnings per share (EPS) forecasts for Fiera Capital Co. (TSE:FSZ) for the fiscal year 2024. Analyst G. Ho has revised the predicted earnings to $1.01 per share, up from a previous estimate of $1.00. The current rating for the stock is a "Hold" with a price target set at $9.00. Market consensus anticipates Fiera Capital’s full-year earnings to average $1.09 per share. Additionally, Desjardins has projected earnings of $1.07 per share for FY2025.

Fiera Capital last reported its quarterly earnings on August 7th, where it demonstrated strong performance with earnings of C$0.23 per share, exceeding analyst expectations of C$0.19 by C$0.04. The company recorded revenues of C$164.79 million, which also surpassed the consensus estimate of C$160.80 million. With a return on equity of 22.95% and a net margin of 8.97%, Fiera showed solid financial health.

Various equity research analysts have offered insights on Fiera Capital stock recently. Scotiabank raised their price target for the company's shares from C$8.50 to C$9.00, while TD Securities adjusted its price objective downward from C$8.00 to C$7.50. CIBC similarly lowered their target from C$9.00 to C$8.00. National Bankshares downgraded Fiera Capital's rating from "sector perform" to "underperform," raising its price target from C$7.00 to C$8.00. Furthermore, National Bank Financial shifted its recommendation from "hold" to "strong sell." Currently, two investment analysts recommend selling the stock, while six suggest holding it, according to MarketBeat data, which reported an average rating of "Hold" and a target price of C$8.14.

Stock Performance Overview

Fiera Capital's shares opened at C$9.78, reflecting a 4.8% increase. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05, and a current ratio of 1.39. With a market capitalization of C$858.20 million, its P/E ratio stands at 18.17, and the P/E/G ratio is at -0.87. The beta value is recorded at 1.64, indicating volatility compared to the market. The 50-day simple moving average for Fiera Capital is C$8.10, while the 200-day moving average is C$7.70. Over the past year, the stock has seen a low of C$4.56 and a high of C$9.87.

Insider Trading Activity

Recent insider activity includes the sale of 10,000 shares of Fiera Capital by FIERA CAPITAL S.E.C. on September 10th at an average price of C$7.30, amounting to C$73,049. Additionally, Senior Officer John Valentini sold 122,500 shares on September 12th at an average price of C$7.46, totaling C$913,347.75. In the last three months, insiders sold 207,400 shares worth $1,601,622. Currently, insider ownership in Fiera Capital is 0.86%.

About Fiera Capital

Fiera Capital Corporation is an employee-owned investment management firm that primarily serves institutional investors, mutual funds, charitable organizations, and private clients. The company specializes in managing separate equity, fixed income, and balanced portfolios tailored to client needs and also administers various mutual funds.

Forecasts, Earnings, Stock