Wall Street analysts expect Federated Investors Inc (NYSE:FII) to report $282.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Federated Investors’ earnings. The lowest sales estimate is $258.50 million and the highest is $307.15 million. Federated Investors reported sales of $278.32 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to issue its next earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Federated Investors will report full-year sales of $1.09 billion for the current year, with estimates ranging from $1.04 billion to $1.14 billion. For the next fiscal year, analysts expect that the business will post sales of $1.14 billion, with estimates ranging from $1.04 billion to $1.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Federated Investors.
Federated Investors (NYSE:FII) last issued its earnings results on Thursday, July 26th. The asset manager reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Federated Investors had a return on equity of 31.51% and a net margin of 26.70%. The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $257.86 million. During the same quarter last year, the company earned $0.53 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis.
Several research analysts have commented on the company. Zacks Investment Research raised Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Royal Bank of Canada set a $28.00 price target on Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 27th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating and set a $25.00 price target on shares of Federated Investors in a research report on Sunday, July 29th. Finally, JPMorgan Chase & Co. raised Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target on the stock in a research report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Federated Investors has a consensus rating of “Hold” and an average price target of $30.50.
FII traded down $0.37 during trading on Monday, hitting $22.45. 1,339,196 shares of the stock were exchanged, compared to its average volume of 1,148,494. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. Federated Investors has a 1-year low of $22.06 and a 1-year high of $36.76. The company has a quick ratio of 3.27, a current ratio of 3.58 and a debt-to-equity ratio of 0.22.
In other news, Director Michael J. Farrell purchased 65,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were bought at an average price of $24.12 per share, with a total value of $1,567,800.00. Following the completion of the transaction, the director now directly owns 38,150 shares in the company, valued at approximately $920,178. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rainier Group Investment Advisory LLC acquired a new position in Federated Investors during the first quarter worth approximately $110,000. Bruderman Asset Management LLC acquired a new position in shares of Federated Investors in the second quarter valued at approximately $113,000. Itau Unibanco Holding S.A. acquired a new position in shares of Federated Investors in the second quarter valued at approximately $156,000. NumerixS Investment Technologies Inc increased its holdings in shares of Federated Investors by 123.9% in the second quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock valued at $229,000 after purchasing an additional 5,450 shares during the period. Finally, Landmark Bank acquired a new position in shares of Federated Investors in the second quarter valued at approximately $233,000. 84.31% of the stock is currently owned by institutional investors.
About Federated Investors
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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