Wall Street brokerages predict that Focus Financial Partners Inc (NASDAQ:FOCS) will report $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Focus Financial Partners’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.54. The business is scheduled to report its next quarterly earnings results on Monday, February 11th.
On average, analysts expect that Focus Financial Partners will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.73 to $1.76. For the next year, analysts forecast that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.16 to $2.36. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. Focus Financial Partners had a negative return on equity of 4.59% and a negative net margin of 4.64%. The firm had revenue of $235.70 million for the quarter, compared to the consensus estimate of $240.01 million. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue was up 30.8% compared to the same quarter last year.
A number of equities research analysts have commented on FOCS shares. BMO Capital Markets lifted their target price on Focus Financial Partners to $57.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research downgraded Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Focus Financial Partners has a consensus rating of “Hold” and an average price target of $44.00.
Shares of Focus Financial Partners stock opened at $26.73 on Friday. Focus Financial Partners has a one year low of $22.61 and a one year high of $49.51. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.23.
A number of large investors have recently bought and sold shares of the business. Akre Capital Management LLC purchased a new stake in shares of Focus Financial Partners in the 3rd quarter valued at $130,515,000. Fairview Capital Investment Management LLC purchased a new stake in shares of Focus Financial Partners in the 3rd quarter valued at $77,235,000. Vanguard Group Inc purchased a new stake in shares of Focus Financial Partners in the 3rd quarter valued at $71,814,000. Vanguard Group Inc. purchased a new stake in shares of Focus Financial Partners in the 3rd quarter valued at $71,814,000. Finally, FMR LLC purchased a new stake in shares of Focus Financial Partners in the 3rd quarter valued at $66,392,000. Institutional investors own 80.66% of the company’s stock.
Focus Financial Partners Company Profile
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
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