Analysts Anticipate Federated Investors Inc (FII) Will Announce Earnings of $0.66 Per Share

Equities research analysts expect that Federated Investors Inc (NYSE:FII) will report $0.66 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Federated Investors’ earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.63. Federated Investors reported earnings of $0.49 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.7%. The firm is expected to announce its next earnings report on Thursday, April 26th.

On average, analysts expect that Federated Investors will report full year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.87. For the next year, analysts anticipate that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Federated Investors.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The business had revenue of $278.31 million during the quarter, compared to the consensus estimate of $283.45 million. Federated Investors had a return on equity of 33.23% and a net margin of 26.42%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS.

Several brokerages have recently weighed in on FII. Royal Bank of Canada upped their target price on Federated Investors to $37.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. ValuEngine raised Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, October 31st. Citigroup upped their target price on Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $31.00 target price on shares of Federated Investors in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Federated Investors has an average rating of “Hold” and an average target price of $31.50.

In related news, EVP Peter J. Germain sold 9,654 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total value of $347,930.16. Following the completion of the transaction, the executive vice president now directly owns 68,987 shares of the company’s stock, valued at approximately $2,486,291.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total value of $1,043,700.00. Following the completion of the transaction, the chief financial officer now directly owns 634,044 shares of the company’s stock, valued at $22,058,390.76. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in Federated Investors in the 3rd quarter valued at $126,000. Advisory Services Network LLC raised its stake in Federated Investors by 9.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,968 shares of the asset manager’s stock valued at $169,000 after purchasing an additional 511 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Federated Investors in the 2nd quarter worth $176,000. Advisor Group Inc. increased its stake in shares of Federated Investors by 9.9% in the 2nd quarter. Advisor Group Inc. now owns 6,300 shares of the asset manager’s stock worth $177,000 after acquiring an additional 565 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Federated Investors in the 2nd quarter worth $200,000. 85.45% of the stock is owned by hedge funds and other institutional investors.

Federated Investors (FII) opened at $32.93 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 3.39. The firm has a market capitalization of $3,365.15, a P/E ratio of 11.39, a PEG ratio of 1.29 and a beta of 1.36. Federated Investors has a 52 week low of $24.93 and a 52 week high of $36.76.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, February 7th. Federated Investors’s dividend payout ratio is currently 34.60%.

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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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