Federated Investors Inc (FII) Expected to Announce Quarterly Sales of $280.71 Million

Wall Street brokerages expect Federated Investors Inc (NYSE:FII) to report sales of $280.71 million for the current quarter, according to Zacks. Two analysts have provided estimates for Federated Investors’ earnings, with the highest sales estimate coming in at $281.10 million and the lowest estimate coming in at $280.31 million. Federated Investors reported sales of $273.50 million in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The company is expected to report its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Federated Investors will report full-year sales of $280.71 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next year, analysts expect that the firm will post sales of $1.14 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Federated Investors.

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

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Deutsche Bank lowered their price target on shares of Federated Investors from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Tuesday, March 6th. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Royal Bank of Canada lifted their price target on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Federated Investors has an average rating of “Hold” and an average target price of $31.63.

In other Federated Investors news, EVP Peter J. Germain sold 9,654 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.04, for a total transaction of $347,930.16. Following the completion of the sale, the executive vice president now directly owns 68,987 shares in the company, valued at approximately $2,486,291.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John B. Fisher sold 11,683 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $34.16, for a total transaction of $399,091.28. Following the sale, the vice president now owns 563,267 shares of the company’s stock, valued at $19,241,200.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,457 shares of company stock valued at $956,416. 5.30% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew 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 acquiring an additional 238,363 shares during the period. Schroder Investment Management Group grew its stake in shares of Federated Investors by 16.8% in the fourth quarter. Schroder Investment Management Group now owns 2,272,886 shares of the asset manager’s stock worth $82,006,000 after acquiring an additional 327,562 shares during the period. Victory Capital Management Inc. grew its stake in shares of Federated Investors by 20.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,601,827 shares of the asset manager’s stock worth $57,794,000 after acquiring an additional 269,529 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Federated Investors by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,458,504 shares of the asset manager’s stock worth $52,623,000 after acquiring an additional 18,231 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Federated Investors by 2.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 842,523 shares of the asset manager’s stock worth $30,399,000 after acquiring an additional 16,784 shares during the period. Institutional investors and hedge funds own 85.17% of the company’s stock.

Shares of NYSE FII opened at $33.40 on Monday. Federated Investors has a 1 year low of $25.24 and a 1 year high of $36.76. The stock has a market cap of $3,373.17, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.39 and a quick ratio of 2.98.

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Federated Investors Company Profile

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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