Fiera Capital Corp (TSE:FSZ) – Equities researchers at National Bank Financial reduced their Q3 2019 earnings per share estimates for Fiera Capital in a note issued to investors on Wednesday, August 14th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.27. National Bank Financial currently has a “Outperform” rating and a $13.00 target price on the stock. National Bank Financial also issued estimates for Fiera Capital’s Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.41 EPS.

Several other research analysts have also commented on the company. Desjardins reiterated a “buy” rating on shares of Fiera Capital in a research report on Thursday, July 4th. BMO Capital Markets reduced their price objective on Fiera Capital from C$12.50 to C$12.00 in a research report on Friday, July 5th. TD Securities reduced their price objective on Fiera Capital from C$12.50 to C$11.50 and set a “hold” rating for the company in a research report on Thursday, August 15th. Royal Bank of Canada reduced their price objective on Fiera Capital from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, August 15th. Finally, CIBC boosted their price objective on Fiera Capital from C$14.50 to C$15.00 in a research report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$13.08.

Shares of FSZ opened at C$10.25 on Monday. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of -82.00. The stock has a 50 day moving average of C$10.98 and a 200-day moving average of C$11.79. The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 106.94. Fiera Capital has a 52 week low of C$10.08 and a 52 week high of C$13.35.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 23rd will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 8.20%. Fiera Capital’s dividend payout ratio is currently -656.00%.

In related news, Director Jean-Guy Desjardins sold 9,565 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total transaction of C$108,086.41. Following the completion of the transaction, the director now owns 8,377 shares in the company, valued at approximately C$94,661.78.

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.

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Earnings History and Estimates for Fiera Capital (TSE:FSZ)

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