Brokerages expect Federated Investors Inc (NYSE:FII) to report $269.26 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Federated Investors’ earnings, with estimates ranging from $256.31 million to $282.20 million. Federated Investors posted sales of $272.80 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Federated Investors will report full-year sales of $1.12 billion for the current fiscal year, with estimates ranging from $1.10 billion to $1.13 billion. For the next year, analysts expect that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.15 billion to $1.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Federated Investors.
Federated Investors (NYSE:FII) last released its earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.05). The firm had revenue of $263.85 million during the quarter, compared to analyst estimates of $277.61 million. Federated Investors had a net margin of 27.63% and a return on equity of 32.55%. Federated Investors’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. JPMorgan Chase & Co. set a $25.00 target price on shares of Federated Investors and gave the company a “sell” rating in a report on Tuesday, May 1st. Deutsche Bank dropped their price objective on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, March 6th. Royal Bank of Canada dropped their price objective on shares of Federated Investors to $30.00 and set a “sector perform” rating on the stock in a report on Monday, April 30th. Finally, Citigroup upgraded shares of Federated Investors from a “sell” rating to a “neutral” rating in a report on Monday, March 5th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.19.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rainier Group Investment Advisory LLC acquired a new stake in shares of Federated Investors in the 1st quarter worth about $110,000. First Allied Advisory Services Inc. acquired a new stake in shares of Federated Investors in the 4th quarter worth about $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Federated Investors in the 4th quarter worth about $215,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Investors by 34.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after acquiring an additional 1,541 shares during the last quarter. Finally, BB&T Securities LLC acquired a new stake in shares of Federated Investors in the 4th quarter worth about $232,000. Institutional investors own 84.78% of the company’s stock.
Federated Investors traded down $0.22, hitting $23.68, during midday trading on Friday, MarketBeat reports. The stock had a trading volume of 857,000 shares, compared to its average volume of 1,195,152. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.84 and a beta of 1.28. The company has a quick ratio of 3.91, a current ratio of 4.43 and a debt-to-equity ratio of 0.21. Federated Investors has a 1-year low of $23.64 and a 1-year high of $36.76.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, May 7th. This is a positive change from Federated Investors’s previous quarterly dividend of $0.25. Federated Investors’s dividend payout ratio is currently 49.54%.
Federated Investors Company Profile
Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.
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