Fiera Capital Corp (FSZ) to Post FY2018 Earnings of $1.30 Per Share, Desjardins Forecasts

Fiera Capital Corp (TSE:FSZ) – Research analysts at Desjardins cut their FY2018 earnings per share estimates for Fiera Capital in a research note issued on Tuesday. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $1.30 for the year, down from their previous estimate of $1.38. Desjardins has a “Buy” rating on the stock.

A number of other research firms have also weighed in on FSZ. TD Securities cut their target price on shares of Fiera Capital from C$16.50 to C$16.00 and set a “buy” rating for the company in a research report on Monday, November 13th. CIBC boosted their target price on shares of Fiera Capital from C$16.50 to C$17.50 in a research report on Monday, December 4th. National Bank Financial restated an “outperform” rating and set a C$16.50 price objective on shares of Fiera Capital in a report on Thursday, December 21st. BMO Capital Markets restated an “outperform” rating and set a C$15.00 price objective on shares of Fiera Capital in a report on Friday, December 22nd. Finally, Scotiabank upped their price objective on shares of Fiera Capital from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, December 4th. Seven analysts have rated the stock with a buy rating, Fiera Capital presently has a consensus rating of “Buy” and a consensus target price of C$16.14.

Shares of Fiera Capital (TSE:FSZ) traded down C$0.12 during trading on Wednesday, hitting C$12.82. 23,840 shares of the stock were exchanged, compared to its average volume of 87,066. Fiera Capital has a 52-week low of C$12.43 and a 52-week high of C$15.20. The stock has a market capitalization of $906.62, a P/E ratio of 76.12 and a beta of 1.12.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Friday, November 10th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.08. Fiera Capital had a net margin of 4.45% and a return on equity of 3.43%.

In related news, insider Fiera Capital S.E.C. sold 28,634 shares of the stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of C$13.21, for a total transaction of C$378,255.14. In the last quarter, insiders sold 110,034 shares of company stock valued at $1,476,415.

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About Fiera Capital

Fiera Capital Corp is a Canada-based independent, full-service, multi-product investment company. It provides investment advisory and related services to institutional investors, private wealth clients and retail investors. It operates through investment management services segment in Canada and the United States.

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