Fiera Capital (TSE:FSZ) Issues Quarterly Earnings Results

Fiera Capital (TSE:FSZ) announced its quarterly earnings results on Friday. The company reported C$0.21 earnings per share (EPS) for the quarter, FiscalAI reports. Fiera Capital had a return on equity of 14.44% and a net margin of 11.65%.The business had revenue of C$153.31 million during the quarter.

Here are the key takeaways from Fiera Capital’s conference call:

• Private markets AUM grew ~1% with CAD 140M of new mandates, ~CAD 120M net inflows, ~CAD 300M deployed and a CAD 2B undeployed pipeline, and the firm closed on buying the remaining 25% of Fiera Infrastructure (CAD 17.5M upfront) to accelerate private growth.
• Expense discipline drove structural savings (SG&A ex‑SBC down 7% YoY) and expanded adjusted EBITDA margin to 27.9% (up 130 bps YoY), supporting improved profitability despite revenue headwinds.
• Total AUM fell to CAD 160.2B (down ~2.4% QoQ) due to March equity volatility, CAD 1.3B net outflows, the planned wind‑down of a CAD 650M small‑cap strategy, and two post‑quarter transfers totaling CAD 3.6B from the sub‑advised business to Pinestone.
• Revenues were CAD 153M (down 6% YoY) and adjusted net earnings CAD 23.5M, with performance fees negligible in Q1, which pressured sequential revenue and EPS compared with seasonally stronger Q4 results.
• Balance sheet actions included net debt of ~CAD 700M (3.6x), a CAD 100M private debenture placement to FTQ and hybrid redemption, repurchases of ~558K shares (CAD 3.2M), and a plan to allocate ~50% of excess free cash flow to debt reduction while maintaining the CAD 0.108/share quarterly dividend.

Fiera Capital Price Performance

Fiera Capital stock opened at C$5.73 on Friday. The stock’s fifty day moving average price is C$5.52 and its two-hundred day moving average price is C$5.88. Fiera Capital has a one year low of C$5.11 and a one year high of C$7.17. The company has a debt-to-equity ratio of 313.06, a current ratio of 23.38 and a quick ratio of 1.05. The firm has a market cap of C$607.75 million, a PE ratio of 16.85, a price-to-earnings-growth ratio of -0.87 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FSZ shares. Royal Bank Of Canada set a C$6.00 price target on Fiera Capital and gave the company a “sector perform” rating in a report on Tuesday, April 28th. National Bank Financial cut their price target on Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a report on Wednesday, February 4th. TD Securities cut their price target on Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Friday, February 27th. Finally, Desjardins cut their price target on Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating for the company in a report on Monday, April 27th. One analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$5.73.

Fiera Capital Company Profile

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.