Fiera Capital (TSE:FSZ) Announces Earnings Results, Beats Expectations By $0.06 EPS

Fiera Capital (TSE:FSZ) announced its earnings results on Thursday. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.06, reports. The company had revenue of C$171.71 million during the quarter, compared to the consensus estimate of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%.

Fiera Capital Price Performance

Shares of TSE:FSZ opened at C$9.72 on Friday. Fiera Capital has a twelve month low of C$4.77 and a twelve month high of C$10.92. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The company has a market cap of C$852.93 million, a PE ratio of 18.00, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company’s 50 day moving average is C$8.54 and its 200 day moving average is C$7.85.

Fiera Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.216 per share. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 8.89%. Fiera Capital’s payout ratio is 159.26%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FSZ. BMO Capital Markets raised their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Desjardins raised their price target on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. CIBC boosted their price target on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday. TD Securities increased 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. Finally, National Bank Financial cut shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$9.07.

Insider Buying and Selling at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In the last ninety days, insiders sold 207,400 shares of company stock worth $1,601,622. Company 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.