Federated Investors Inc (FII) Expected to Post Quarterly Sales of $280.83 Million

Wall Street analysts expect that Federated Investors Inc (NYSE:FII) will announce $280.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Federated Investors’ earnings. The highest sales estimate is $307.15 million and the lowest is $254.50 million. Federated Investors reported sales of $278.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, October 25th.

On average, analysts expect that Federated Investors will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.03 billion to $1.14 billion. For the next financial year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.02 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Federated Investors.

Federated Investors (NYSE:FII) last announced its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The company had revenue of $256.00 million during the quarter, compared to analysts’ expectations of $257.86 million. Federated Investors had a return on equity of 31.51% and a net margin of 26.70%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share.

Several equities analysts recently commented on the company. Royal Bank of Canada set a $28.00 target price on Federated Investors and gave the stock a “hold” rating in a research report on Friday, July 27th. Zacks Investment Research upgraded Federated Investors from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. JPMorgan Chase & Co. upgraded Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 target price for the company in a research report on Monday, September 17th. Keefe, Bruyette & Woods restated a “neutral” rating and set a $25.00 target price on shares of Federated Investors in a research report on Sunday, July 29th. Finally, ValuEngine cut Federated Investors from a “sell” rating to a “strong sell” rating in a research report on Monday, June 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.50.

In other Federated Investors news, Director Michael J. Farrell bought 65,000 shares of Federated Investors stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average cost of $24.12 per share, for a total transaction of $1,567,800.00. Following the completion of the transaction, the director now directly owns 38,150 shares in the company, valued at $920,178. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.30% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Rainier Group Investment Advisory LLC purchased a new position in shares of Federated Investors in the 1st quarter worth about $110,000. Bruderman Asset Management LLC purchased a new position in shares of Federated Investors in the 2nd quarter worth about $113,000. Itau Unibanco Holding S.A. purchased a new position in shares of Federated Investors in the 2nd quarter worth about $156,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Federated Investors by 123.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,850 shares of the asset manager’s stock worth $229,000 after purchasing an additional 5,450 shares in the last quarter. Finally, Landmark Bank purchased a new position in shares of Federated Investors in the 2nd quarter worth about $233,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Shares of NYSE FII opened at $24.91 on Monday. The firm has a market capitalization of $2.43 billion, a PE ratio of 11.43, a P/E/G ratio of 1.93 and a beta of 1.26. Federated Investors has a fifty-two week low of $22.06 and a fifty-two week high of $36.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.58 and a quick ratio of 3.27.

Federated Investors Company Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

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Earnings History and Estimates for Federated Investors (NYSE:FII)

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