$282.83 Million in Sales Expected for Federated Investors Inc (FII) This Quarter
Wall Street brokerages predict that Federated Investors Inc (NYSE:FII) will report $282.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Federated Investors’ earnings, with the highest sales estimate coming in at $307.15 million and the lowest estimate coming in at $258.50 million. Federated Investors reported sales of $278.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Federated Investors will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $1.04 billion to $1.14 billion. For the next year, analysts anticipate that the business will post sales of $1.14 billion, with estimates ranging from $1.04 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Federated Investors.
Federated Investors (NYSE:FII) last announced its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.59. Federated Investors had a net margin of 26.70% and a return on equity of 31.51%. The company had revenue of $256.00 million during the quarter, compared to analysts’ expectations of $257.86 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue was down 6.2% on a year-over-year basis.
In other news, Director Michael J. Farrell purchased 65,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was acquired at an average price of $24.12 per share, with a total value of $1,567,800.00. Following the transaction, the director now directly owns 38,150 shares of the company’s stock, valued at approximately $920,178. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FII. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Federated Investors in the 1st quarter worth about $410,000. Northern Trust Corp lifted its position in shares of Federated Investors by 0.3% in the 1st quarter. Northern Trust Corp now owns 976,392 shares of the asset manager’s stock worth $32,612,000 after purchasing an additional 3,133 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Federated Investors by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,955,098 shares of the asset manager’s stock worth $98,700,000 after purchasing an additional 20,020 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Federated Investors by 20.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 41,828 shares of the asset manager’s stock worth $1,397,000 after purchasing an additional 7,011 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Federated Investors by 51.9% in the 1st quarter. Sei Investments Co. now owns 22,418 shares of the asset manager’s stock worth $749,000 after purchasing an additional 7,664 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.
Shares of Federated Investors stock traded down $0.37 during trading on Monday, reaching $22.45. The company’s stock had a trading volume of 1,339,196 shares, compared to its average volume of 1,148,494. Federated Investors has a 52-week low of $22.06 and a 52-week high of $36.76. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.27 and a current ratio of 3.58.
About Federated Investors
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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