Focus Financial Partners (FOCS) Set to Announce Quarterly Earnings on Thursday

Focus Financial Partners (NASDAQ:FOCS) is scheduled to announce its earnings results before the market opens on Thursday, February 21st. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

Focus Financial Partners (NASDAQ:FOCS) last issued its earnings results on Tuesday, November 13th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $235.70 million during the quarter, compared to the consensus estimate of $240.01 million. Focus Financial Partners had a negative return on equity of 4.59% and a negative net margin of 4.64%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. On average, analysts expect Focus Financial Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of FOCS opened at $28.99 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.23. Focus Financial Partners has a one year low of $22.61 and a one year high of $49.51.

FOCS has been the subject of a number of analyst reports. Zacks Investment Research downgraded Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 30th. SunTrust Banks initiated coverage on Focus Financial Partners in a research note on Thursday, January 17th. They set a “hold” rating and a $30.00 price target for the company. Finally, BMO Capital Markets cut their price target on Focus Financial Partners to $44.00 and set an “outperform” rating for the company in a research note on Thursday, November 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Focus Financial Partners currently has a consensus rating of “Hold” and a consensus target price of $41.20.

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About Focus Financial Partners

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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