Wall Street analysts expect Focus Financial Partners Inc (NASDAQ:FOCS) to announce $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Focus Financial Partners’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.55. Focus Financial Partners reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.5%. The company is expected to issue its next quarterly earnings report on Tuesday, August 27th.

On average, analysts expect that Focus Financial Partners will report full-year earnings of $2.12 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.15. For the next financial year, analysts forecast that the business will post earnings of $2.61 per share, with EPS estimates ranging from $2.54 to $2.72. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Focus Financial Partners had a negative net margin of 3.12% and a positive return on equity of 21.17%. The business had revenue of $259.90 million for the quarter, compared to analyst estimates of $258.97 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. SunTrust Banks lowered their target price on shares of Focus Financial Partners and set a “hold” rating on the stock in a research note on Thursday, June 27th. Keefe, Bruyette & Woods raised shares of Focus Financial Partners from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $35.00 to $35.50 in a research note on Friday, July 12th. Oppenheimer assumed coverage on shares of Focus Financial Partners in a research note on Monday, April 8th. They set an “outperform” rating and a $48.00 target price on the stock. Bank of America set a $20.00 target price on shares of Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Focus Financial Partners presently has a consensus rating of “Hold” and a consensus target price of $39.36.

Institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY lifted its stake in Focus Financial Partners by 246.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,850 shares of the company’s stock valued at $154,000 after buying an additional 4,162 shares in the last quarter. TrinityPoint Wealth LLC purchased a new position in Focus Financial Partners in the 1st quarter valued at approximately $203,000. BNP Paribas Arbitrage SA boosted its position in Focus Financial Partners by 1,117.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,282 shares of the company’s stock valued at $224,000 after buying an additional 5,766 shares during the period. Squarepoint Ops LLC purchased a new position in Focus Financial Partners in the 4th quarter valued at approximately $273,000. Finally, Metropolitan Life Insurance Co NY boosted its position in Focus Financial Partners by 43.1% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 8,372 shares of the company’s stock valued at $298,000 after buying an additional 2,522 shares during the period. 79.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FOCS stock traded up $0.48 during mid-day trading on Friday, hitting $28.54. 290,196 shares of the stock were exchanged, compared to its average volume of 229,317. The stock’s fifty day moving average price is $27.93. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.73 and a current ratio of 2.73. Focus Financial Partners has a 52-week low of $22.61 and a 52-week high of $49.51. The company has a market capitalization of $1.98 billion and a P/E ratio of 28.83.

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.

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Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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