Brokerages expect Federated Investors, Inc. (NYSE:FII) to report earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Federated Investors’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. Federated Investors posted earnings per share of $0.52 during the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The company is scheduled to report its next earnings report on Thursday, January 25th.
On average, analysts expect that Federated Investors will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.17. For the next fiscal year, analysts expect that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Federated Investors.
Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share for the quarter, beating 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 analysts’ expectations of $278.51 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year.
FII has been the subject of several research reports. Citigroup increased their target price on Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $29.00 target price on Federated Investors and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, October 31st. ValuEngine upgraded Federated Investors from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Jefferies Group restated a “hold” rating and set a $30.00 target price (up previously from $29.00) on shares of Federated Investors in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Federated Investors has a consensus rating of “Hold” and an average price target of $29.00.
Federated Investors (FII) traded up $0.07 on Tuesday, hitting $36.24. The stock had a trading volume of 1,184,957 shares, compared to its average volume of 729,433. Federated Investors has a 1 year low of $24.93 and a 1 year high of $36.54. 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 cap of $3,582.09, a PE ratio of 16.91, a P/E/G ratio of 3.36 and a beta of 1.57.
In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the transaction, the chief financial officer now directly owns 634,044 shares of the company’s stock, valued at approximately $22,058,390.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the completion of the sale, the vice president now directly owns 508,445 shares in the company, valued at approximately $16,010,933.05. The disclosure for this sale can be found here. Insiders have sold a total of 37,776 shares of company stock valued at $1,288,527 in the last ninety days. 7.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in Federated Investors during the third quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Investors by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,484 shares of the asset manager’s stock worth $127,000 after purchasing an additional 358 shares during the period. Advisory Services Network LLC increased its holdings in shares of Federated Investors by 9.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock worth $169,000 after acquiring an additional 511 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Federated Investors in the 2nd quarter worth about $176,000. Finally, Advisor Group Inc. increased its holdings in shares of Federated Investors by 9.9% in the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares during the period. Institutional investors own 85.22% of the company’s stock.
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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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