Equities research analysts expect Federated Investors Inc (NYSE:FII) to announce sales of $280.24 million for the current quarter, according to Zacks. Two analysts have provided estimates for Federated Investors’ earnings. The highest sales estimate is $305.98 million and the lowest is $254.50 million. Federated Investors posted sales of $278.32 million in the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The business is expected to issue its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that Federated Investors will report full year sales of $1.08 billion for the current financial year, with estimates ranging from $1.03 billion to $1.14 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.12 billion per share, with estimates ranging from $1.02 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Federated Investors.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 26th. The asset manager reported $0.59 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.59. Federated Investors had a return on equity of 31.51% and a net margin of 26.70%. The company had revenue of $256.00 million during the quarter, compared to the consensus estimate of $257.86 million. During the same period in the previous year, the firm posted $0.53 earnings per share. Federated Investors’s quarterly revenue was down 6.2% compared to the same quarter last year.
FII has been the subject of a number of research reports. TheStreet downgraded Federated Investors from a “b-” rating to a “c+” rating in a research note on Tuesday, May 22nd. Keefe, Bruyette & Woods upgraded Federated Investors from an “underperform” rating to a “market perform” rating in a research note on Monday, May 28th. JPMorgan Chase & Co. restated a “sell” rating on shares of Federated Investors in a research note on Thursday, June 7th. ValuEngine downgraded Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, June 11th. Finally, Zacks Investment Research upgraded Federated Investors from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.64.
FII stock traded up $0.05 during midday trading on Tuesday, reaching $23.64. The company had a trading volume of 1,310,100 shares, compared to its average volume of 1,179,838. The company has a quick ratio of 3.27, a current ratio of 3.58 and a debt-to-equity ratio of 0.22. Federated Investors has a fifty-two week low of $22.06 and a fifty-two week high of $36.76. The company has a market cap of $2.31 billion, a P/E ratio of 10.84, a PEG ratio of 1.84 and a beta of 1.26.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 8th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. Federated Investors’s dividend payout ratio is presently 49.54%.
In other Federated Investors news, Director Michael J. Farrell acquired 65,000 shares of Federated Investors stock in a transaction dated Monday, July 30th. The stock was acquired at an average cost of $24.12 per share, for a total transaction of $1,567,800.00. Following the completion of the transaction, the director now owns 38,150 shares in the company, valued at approximately $920,178. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FII. Bank of New York Mellon Corp lifted its position in Federated Investors by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 2,893,503 shares of the asset manager’s stock worth $67,476,000 after purchasing an additional 211,748 shares during the period. California Public Employees Retirement System lifted its position in Federated Investors by 1.9% in the second quarter. California Public Employees Retirement System now owns 236,598 shares of the asset manager’s stock worth $5,517,000 after purchasing an additional 4,429 shares during the period. Bruderman Asset Management LLC acquired a new stake in Federated Investors in the second quarter worth approximately $113,000. MetLife Investment Advisors LLC lifted its position in Federated Investors by 76.3% in the second quarter. MetLife Investment Advisors LLC now owns 104,449 shares of the asset manager’s stock worth $2,436,000 after purchasing an additional 45,210 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in Federated Investors by 97.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 56,376 shares of the asset manager’s stock worth $1,315,000 after purchasing an additional 27,837 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.
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.
Recommended Story: How to Calculate Compound Annual Growth Rate (CAGR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Federated Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors and related companies with MarketBeat.com's FREE daily email newsletter.