Zacks: Analysts Expect Federated Investors, Inc. (FII) Will Post Earnings of $0.58 Per Share
Brokerages forecast that Federated Investors, Inc. (NYSE:FII) will report earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Federated Investors’ earnings, with estimates ranging from $0.54 to $0.60. Federated Investors reported earnings of $0.52 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The company is expected to report its next earnings results on Thursday, January 25th.
On average, analysts expect that Federated Investors will report full year earnings of $2.15 per share for the current year, with EPS estimates ranging from $2.11 to $2.17. For the next year, analysts expect that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.14 to $2.27. Zacks’ EPS calculations are an average based on a survey of analysts that cover Federated Investors.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a return on equity of 34.54% and a net margin of 19.32%. The company had revenue of $278.32 million during the quarter, compared to the consensus estimate of $278.51 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year.
FII has been the subject of several analyst reports. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, September 12th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank AG initiated coverage on Federated Investors in a research report on Tuesday, October 17th. They issued a “hold” rating and a $31.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 target price (up previously from $29.00) on shares of Federated Investors in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $28.00 target price on Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.75.
Shares of Federated Investors (NYSE:FII) traded up $0.25 during midday trading on Friday, hitting $31.17. The stock had a trading volume of 506,740 shares, compared to its average volume of 716,469. Federated Investors has a 52 week low of $24.93 and a 52 week high of $31.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89. The stock has a market capitalization of $3,119.95, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.56.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, November 7th. Federated Investors’s dividend payout ratio is currently 47.62%.
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In related news, VP John B. Fisher sold 6,460 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.49, for a total value of $203,425.40. Following the completion of the transaction, the vice president now owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 7,776 shares of company stock valued at $244,827 in the last three months. 7.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its stake in Federated Investors by 31.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock valued at $139,191,000 after buying an additional 1,104,213 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Federated Investors by 46.5% during the second quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after buying an additional 713,994 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in Federated Investors by 3,223.0% during the second quarter. Anchor Capital Advisors LLC now owns 688,527 shares of the asset manager’s stock valued at $19,451,000 after buying an additional 667,807 shares in the last quarter. Victory Capital Management Inc. raised its stake in Federated Investors by 52.1% during the third quarter. Victory Capital Management Inc. now owns 1,332,298 shares of the asset manager’s stock valued at $39,570,000 after buying an additional 456,280 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Federated Investors by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after buying an additional 451,268 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.
About Federated Investors
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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