Zacks: Brokerages Expect Federated Investors, Inc. (FII) Will Announce Earnings of $0.58 Per Share

Equities research analysts predict that Federated Investors, Inc. (NYSE:FII) will report $0.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Federated Investors’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.60. Federated Investors reported earnings of $0.52 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The firm is scheduled to announce its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Federated Investors will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.17. For the next financial year, analysts expect that the firm will report earnings of $2.26 per share, with EPS estimates ranging from $2.15 to $2.35. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Federated Investors.

Federated Investors (NYSE:FII) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the business posted $0.54 EPS. Federated Investors’s revenue for the quarter was down 5.5% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Federated Investors from $22.00 to $24.00 and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $29.00 price objective on shares of Federated Investors and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, October 31st. ValuEngine upgraded shares of Federated Investors from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Jefferies Group reiterated a “hold” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Federated Investors in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.00.

Shares of Federated Investors (NYSE:FII) traded up $0.09 during trading on Tuesday, reaching $36.34. 267,544 shares of the company’s stock were exchanged, compared to its average volume of 728,264. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89. Federated Investors has a twelve month low of $24.93 and a twelve month high of $36.54. The firm has a market cap of $3,654.74, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

In other Federated Investors news, VP John B. Fisher sold 6,460 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total transaction of $203,425.40. Following the transaction, the vice president now directly owns 508,445 shares of the company’s stock, valued at $16,010,933.05. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $1,043,700.00. Following the transaction, the chief financial officer now directly owns 634,044 shares in the company, valued at $22,058,390.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,776 shares of company stock worth $1,288,527. 7.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in Federated Investors by 3.5% during the second quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock valued at $256,965,000 after purchasing an additional 304,322 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Federated Investors by 31.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock worth $139,191,000 after buying an additional 1,104,213 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Federated Investors by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,841,818 shares of the asset manager’s stock worth $84,403,000 after buying an additional 238,363 shares in the last quarter. State Street Corp lifted its stake in shares of Federated Investors by 2.1% in the second quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock worth $76,930,000 after buying an additional 56,121 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Federated Investors by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 2,393,060 shares of the asset manager’s stock worth $71,073,000 after buying an additional 144,816 shares in the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.

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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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