Brokerages forecast that Focus Financial Partners Inc (NASDAQ:FOCS) will post $0.60 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Focus Financial Partners’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.62. Focus Financial Partners reported earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 81.8%. The business is expected to announce its next quarterly earnings results on Thursday, February 20th.
On average, analysts expect that Focus Financial Partners will report full-year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.27. For the next year, analysts expect that the business will report earnings of $2.74 per share, with EPS estimates ranging from $2.64 to $2.87. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Thursday, November 7th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Focus Financial Partners had a positive return on equity of 16.83% and a negative net margin of 0.93%. The firm had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $308.55 million. During the same period last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 34.3% on a year-over-year basis.
A number of analysts have recently commented on the company. Bank of America cut their price objective on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price target on shares of Focus Financial Partners from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. William Blair restated a “market perform” rating on shares of Focus Financial Partners in a research report on Thursday, November 7th. Finally, SunTrust Banks set a $26.00 price objective on shares of Focus Financial Partners and gave the stock a “hold” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Focus Financial Partners has an average rating of “Buy” and a consensus target price of $36.25.
FOCS stock traded down $0.27 during mid-day trading on Thursday, reaching $26.97. 224,000 shares of the company’s stock were exchanged, compared to its average volume of 251,924. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16. The stock’s 50 day moving average is $25.04 and its 200 day moving average is $25.39. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.16 and a quick ratio of 2.16. Focus Financial Partners has a 12-month low of $19.05 and a 12-month high of $40.36.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FOCS. Kavar Capital Partners LLC acquired a new stake in Focus Financial Partners during the 2nd quarter worth $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of Focus Financial Partners during the second quarter worth $31,000. Quantamental Technologies LLC raised its position in shares of Focus Financial Partners by 225.0% in the second quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after buying an additional 900 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Focus Financial Partners in the second quarter worth about $38,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Focus Financial Partners in the second quarter worth about $40,000. Institutional investors and hedge funds own 81.66% 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. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services.
Recommended Story: Current Ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.