Federated Investors, Inc. (FII) Expected to Post Earnings of $0.50 Per Share
Equities research analysts expect Federated Investors, Inc. (NYSE:FII) to report $0.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Federated Investors’ earnings. The lowest EPS estimate is $0.48 and the highest is $0.51. Federated Investors posted earnings of $0.53 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The firm is scheduled to report its next earnings report on Thursday, July 27th.
On average, analysts expect that Federated Investors will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.06. For the next year, analysts expect that the business will report earnings of $2.04 per share, with EPS estimates ranging from $1.95 to $2.13. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Federated Investors.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $273.50 million for the quarter, compared to analyst estimates of $290.19 million. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS.
A number of analysts recently issued reports on the company. BidaskClub raised Federated Investors from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. Royal Bank Of Canada assumed coverage on Federated Investors in a research report on Thursday. They issued a “sector perform” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $26.00 target price on shares of Federated Investors in a research report on Thursday, June 1st. Finally, ValuEngine downgraded Federated Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.29.
Shares of Federated Investors (NYSE FII) traded up 1.47% on Friday, hitting $28.25. The stock had a trading volume of 914,149 shares. Federated Investors has a one year low of $24.52 and a one year high of $33.13. The stock has a market capitalization of $2.76 billion, a PE ratio of 13.58 and a beta of 1.44. The firm’s 50 day moving average is $26.78 and its 200-day moving average is $26.85.
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In other Federated Investors news, insider Richard A. Novak sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $27.70, for a total transaction of $74,790.00. Following the transaction, the insider now owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.10% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock worth $262,118,000 after buying an additional 9,886,553 shares in the last quarter. FMR LLC boosted its stake in shares of Federated Investors by 0.3% in the first quarter. FMR LLC now owns 8,791,769 shares of the asset manager’s stock worth $231,575,000 after buying an additional 29,992 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Federated Investors by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,094,838 shares of the asset manager’s stock worth $213,218,000 after buying an additional 135,042 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Federated Investors by 11.8% in the first quarter. Royce & Associates LP now owns 4,330,939 shares of the asset manager’s stock worth $114,077,000 after buying an additional 458,715 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Federated Investors by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 3,473,061 shares of the asset manager’s stock worth $91,353,000 after buying an additional 56,430 shares in the last quarter. Institutional investors own 84.95% of the company’s stock.
About Federated Investors
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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