Federated Investors, Inc. (FII) Expected to Announce Quarterly Sales of $274.55 Million
Wall Street brokerages forecast that Federated Investors, Inc. (NYSE:FII) will report sales of $274.55 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Federated Investors’ earnings, with the lowest sales estimate coming in at $274.30 million and the highest estimate coming in at $274.80 million. Federated Investors reported sales of $294.62 million in the same quarter last year, which would suggest a negative year over year growth rate of 6.8%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Federated Investors will report full-year sales of $274.55 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.10 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.09 billion per share, with estimates ranging from $1.07 billion to $1.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Federated Investors.
Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The company had revenue of $272.80 million during the quarter, compared to the consensus estimate of $278.51 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.
Several research analysts recently commented on FII shares. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $27.00 price objective on shares of Federated Investors in a report on Thursday, August 3rd. Citigroup Inc. downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $26.00 to $24.00 in a report on Monday, June 5th. Finally, Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.43.
In other Federated Investors news, VP John B. Fisher sold 5,041 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total value of $140,996.77. Following the completion of the transaction, the vice president now directly owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in FII. State Treasurer State of Michigan boosted its holdings in Federated Investors by 0.3% in the 1st quarter. State Treasurer State of Michigan now owns 37,600 shares of the asset manager’s stock valued at $990,000 after purchasing an additional 100 shares during the period. Bank of New York Mellon Corp boosted its holdings in Federated Investors by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,534,250 shares of the asset manager’s stock valued at $40,412,000 after purchasing an additional 19,448 shares during the period. LS Investment Advisors LLC boosted its holdings in Federated Investors by 14.4% in the 1st quarter. LS Investment Advisors LLC now owns 7,358 shares of the asset manager’s stock valued at $194,000 after purchasing an additional 928 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Federated Investors by 60.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 1,559 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Federated Investors by 16.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 73,555 shares of the asset manager’s stock valued at $1,937,000 after purchasing an additional 10,508 shares during the period. 82.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Federated Investors (NYSE:FII) opened at 28.54 on Friday. The stock has a 50 day moving average of $27.29 and a 200-day moving average of $27.11. Federated Investors has a 52-week low of $24.52 and a 52-week high of $32.40. The firm has a market capitalization of $2.78 billion, a P/E ratio of 13.59 and a beta of 1.42.
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Federated Investors Company Profile
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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