Fiera Capital (TSE:FSZ) Announces Quarterly Earnings Results

Fiera Capital (TSE:FSZ) posted its quarterly earnings data on Wednesday. The company reported C$0.19 EPS for the quarter, FiscalAI reports. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The company had revenue of C$150.36 million for the quarter.

Fiera Capital Stock Up 1.1%

FSZ opened at C$2.85 on Thursday. The stock has a fifty day moving average of C$3.69 and a 200-day moving average of C$4.94. The company has a market capitalization of C$301.90 million, a P/E ratio of 15.83, a P/E/G ratio of -0.87 and a beta of 0.70. Fiera Capital has a fifty-two week low of C$2.71 and a fifty-two week high of C$6.74. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55.

Analyst Ratings Changes

Several analysts recently commented on FSZ shares. RBC Dominion Securities dropped their price objective on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada cut Fiera Capital from a “hold” rating to a “sector perform” rating and decreased their target price for the company from C$4.70 to C$3.25 in a research note on Friday, October 16th. Desjardins lowered their price target on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. TD lowered their price target on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a report on Monday, August 10th. Finally, Scotia dropped their price target on Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating on the stock in a research report on Monday, October 26th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Fiera Capital currently has a consensus rating of “Hold” and an average price target of C$2.85.

About Fiera Capital

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.