Brokerages expect Focus Financial Partners Inc (NASDAQ:FOCS) to report earnings of $0.60 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Focus Financial Partners’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.56. Focus Financial Partners posted earnings of $0.33 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 81.8%. The firm is scheduled to report its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Focus Financial Partners will report full-year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.19 to $2.27. For the next fiscal year, analysts forecast that the company will post earnings of $2.74 per share, with EPS estimates ranging from $2.64 to $2.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Focus Financial Partners had a negative net margin of 0.93% and a positive return on equity of 16.83%. The company had revenue of $316.60 million during the quarter, compared to analyst estimates of $308.55 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Focus Financial Partners’s quarterly revenue was up 34.3% compared to the same quarter last year.
A number of equities analysts recently commented on FOCS shares. BMO Capital Markets lifted their price target on shares of Focus Financial Partners from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Bank of America decreased their price target on shares of Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. William Blair reiterated a “market perform” rating on shares of Focus Financial Partners in a report on Thursday, November 7th. Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, November 13th. Finally, SunTrust Banks set a $26.00 target price on shares of Focus Financial Partners and gave the stock a “hold” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $36.25.
Shares of Focus Financial Partners stock traded down $0.44 during trading on Thursday, hitting $27.47. The stock had a trading volume of 55,203 shares, compared to its average volume of 309,398. The firm’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $25.46. The stock has a market cap of $1.94 billion, a PE ratio of 27.75, a PEG ratio of 0.62 and a beta of 2.16. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.16 and a quick ratio of 2.16. Focus Financial Partners has a 12 month low of $19.05 and a 12 month high of $40.36.
A number of institutional investors have recently made changes to their positions in FOCS. Kavar Capital Partners LLC acquired a new position in Focus Financial Partners during the second quarter worth $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of Focus Financial Partners in the 2nd quarter worth $31,000. Quantamental Technologies LLC increased its stake in shares of Focus Financial Partners by 225.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock worth $36,000 after acquiring an additional 900 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Focus Financial Partners during the 2nd quarter worth $38,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Focus Financial Partners during the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Focus Financial Partners Company Profile
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services.
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