Brokerages Anticipate Federated Investors, Inc. (NYSE:FII) to Announce $0.50 EPS
Equities analysts expect that Federated Investors, Inc. (NYSE:FII) will announce $0.50 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Federated Investors’ earnings, with estimates ranging from $0.49 to $0.51. Federated Investors posted earnings of $0.53 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Federated Investors will report full-year earnings of $2.03 per share for the current year, with EPS estimates ranging from $1.99 to $2.05. For the next year, analysts expect that the company will report earnings of $2.09 per share, with EPS estimates ranging from $2.07 to $2.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Federated Investors.
Federated Investors (NYSE:FII) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Federated Investors had a return on equity of 33.32% and a net margin of 18.62%. The firm had revenue of $273.50 million during the quarter, compared to analyst estimates of $290.19 million. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis.
FII has been the topic of a number of recent analyst reports. Citigroup Inc. downgraded shares of Federated Investors from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $26.00 to $24.00 in a report on Monday, June 5th. J P Morgan Chase & Co raised shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target on the stock in a report on Thursday, May 25th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, April 25th. Royal Bank Of Canada initiated coverage on shares of Federated Investors in a report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 price target on the stock. Finally, ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.71.
In other Federated Investors news, insider Richard A. Novak sold 2,700 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $27.70, for a total transaction of $74,790.00. Following the transaction, the insider now directly owns 44,741 shares of the company’s stock, valued at $1,239,325.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Federated Investors by 15,254.4% in the first quarter. BlackRock Inc. now owns 9,951,364 shares of the asset manager’s stock valued at $262,118,000 after buying an additional 9,886,553 shares during the last quarter. Norges Bank bought a new position in Federated Investors during the fourth quarter valued at about $29,812,000. Hamlin Capital Management LLC increased its position in Federated Investors by 37.6% in the first quarter. Hamlin Capital Management LLC now owns 1,962,458 shares of the asset manager’s stock valued at $51,691,000 after buying an additional 536,285 shares during the last quarter. Royce & Associates LP increased its position in Federated Investors by 11.8% in the first quarter. Royce & Associates LP now owns 4,330,939 shares of the asset manager’s stock valued at $114,077,000 after buying an additional 458,715 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Federated Investors by 32.6% in the first quarter. Schroder Investment Management Group now owns 1,665,826 shares of the asset manager’s stock valued at $43,811,000 after buying an additional 409,726 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors and hedge funds.
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Federated Investors (FII) traded down 1.17% on Wednesday, hitting $29.44. The stock had a trading volume of 572,540 shares. The stock’s 50-day moving average is $28.29 and its 200-day moving average is $26.97. Federated Investors has a 52-week low of $24.52 and a 52-week high of $33.13. The company has a market cap of $2.88 billion, a P/E ratio of 14.15 and a beta of 1.41.
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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