Brokerages Expect Federated Investors Inc (FII) Will Announce Earnings of $0.47 Per Share
Wall Street analysts expect that Federated Investors Inc (NYSE:FII) will announce earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Federated Investors’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.46. Federated Investors posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is scheduled to announce its next earnings report after the market closes on Thursday, April 27th.
According to Zacks, analysts expect that Federated Investors will report full-year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.01. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.04 per share, with EPS estimates ranging from $1.97 to $2.08. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Federated Investors.
Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, January 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $289.90 million for the quarter, compared to the consensus estimate of $294.38 million. Federated Investors had a return on equity of 32.01% and a net margin of 18.26%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share.
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A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federated Investors in a research note on Tuesday, April 4th. Jefferies Group LLC upgraded shares of Federated Investors from an “underperform” rating to a “hold” rating and set a $11.00 price target on the stock in a research note on Friday, March 24th. Citigroup Inc decreased their price target on shares of Federated Investors from $28.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Federated Investors in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.40.
Shares of Federated Investors (NYSE:FII) opened at 26.71 on Thursday. The stock has a 50 day moving average price of $26.31 and a 200 day moving average price of $27.16. The firm has a market capitalization of $2.62 billion, a P/E ratio of 13.16 and a beta of 1.54. Federated Investors has a 12 month low of $24.52 and a 12 month high of $33.13.
In other Federated Investors news, VP John B. Fisher sold 9,191 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $26.48, for a total transaction of $243,377.68. Following the transaction, the vice president now owns 478,751 shares in the company, valued at approximately $12,677,326.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gordon J. Ceresino sold 4,378 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $26.49, for a total transaction of $115,973.22. Following the transaction, the insider now owns 177,011 shares in the company, valued at approximately $4,689,021.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,918 shares of company stock worth $419,391. 10.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Federated Investors during the first quarter worth about $601,000. Louisiana State Employees Retirement System raised its position in shares of Federated Investors by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the asset manager’s stock worth $616,000 after buying an additional 400 shares during the last quarter. Eastern Bank raised its position in shares of Federated Investors by 1.4% in the first quarter. Eastern Bank now owns 60,680 shares of the asset manager’s stock worth $1,598,000 after buying an additional 811 shares during the last quarter. Bremer Trust National Association raised its position in shares of Federated Investors by 29.1% in the first quarter. Bremer Trust National Association now owns 11,017 shares of the asset manager’s stock worth $290,000 after buying an additional 2,485 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Federated Investors during the fourth quarter worth about $29,812,000. Hedge funds and other institutional investors own 76.42% of the company’s stock.
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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