Brokerages Anticipate Focus Financial Partners Inc (FOCS) Will Announce Earnings of $0.52 Per Share

Equities research analysts predict that Focus Financial Partners Inc (NASDAQ:FOCS) will report earnings per share of $0.52 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Focus Financial Partners’ earnings, with estimates ranging from $0.50 to $0.54. The business is scheduled to announce its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that Focus Financial Partners will report full year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.76. For the next year, analysts forecast that the business will post earnings of $2.35 per share, with EPS estimates ranging from $2.20 to $2.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $235.70 million during the quarter, compared to analyst estimates of $240.01 million. Focus Financial Partners had a negative net margin of 4.64% and a negative return on equity of 4.59%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS.

Several brokerages recently commented on FOCS. BMO Capital Markets decreased their target price on shares of Focus Financial Partners to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, November 15th. Zacks Investment Research downgraded shares of Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 30th. William Blair began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating on the stock. Goldman Sachs Group began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Bank of America began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of Focus Financial Partners in the third quarter worth $71,814,000. Morgan Stanley purchased a new position in shares of Focus Financial Partners in the third quarter worth $1,463,000. Legal & General Group Plc purchased a new position in shares of Focus Financial Partners in the third quarter worth $2,588,000. TIAA CREF Investment Management LLC purchased a new position in shares of Focus Financial Partners in the third quarter worth $1,802,000. Finally, Teachers Advisors LLC purchased a new position in shares of Focus Financial Partners in the third quarter worth $1,695,000. 80.66% of the stock is currently owned by institutional investors.

Shares of NASDAQ FOCS traded down $2.40 during mid-day trading on Tuesday, hitting $29.03. The stock had a trading volume of 184,600 shares, compared to its average volume of 291,220. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.23. Focus Financial Partners has a 1 year low of $28.87 and a 1 year high of $49.51.

Focus Financial Partners Company Profile

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

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Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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