Brokerages expect Focus Financial Partners Inc (NASDAQ:FOCS) to announce earnings per share of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Focus Financial Partners’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.57. Focus Financial Partners reported earnings of $0.33 per share in the same quarter last year, which would suggest a positive year over year growth rate of 81.8%. The company is scheduled to issue its next earnings report on Thursday, February 20th.
On average, analysts expect that Focus Financial Partners will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.23. For the next fiscal year, analysts anticipate that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.69 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. The company had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $308.55 million. Focus Financial Partners had a positive return on equity of 12.96% and a negative net margin of 2.10%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share.
Several equities analysts have recently commented on FOCS shares. SunTrust Banks set a $26.00 target price on Focus Financial Partners and gave the company a “hold” rating in a report on Friday, August 9th. Bank of America lowered their target price on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Zacks Investment Research lowered Focus Financial Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Focus Financial Partners in a report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.75.
Shares of FOCS traded up $0.58 during midday trading on Tuesday, reaching $26.73. 471,000 shares of the company were exchanged, compared to its average volume of 249,336. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 0.51 and a beta of 1.97. The stock has a 50-day moving average price of $22.94 and a 200-day moving average price of $26.54. Focus Financial Partners has a 1-year low of $19.05 and a 1-year high of $40.36. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 1.59.
Several large investors have recently bought and sold shares of the company. Quantamental Technologies LLC grew its holdings in shares of Focus Financial Partners by 225.0% during the second quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after purchasing an additional 900 shares during the last quarter. Kavar Capital Partners LLC acquired a new position in shares of Focus Financial Partners during the second quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Focus Financial Partners during the second quarter worth approximately $31,000. Carnick & Kubik Group LLC boosted its position in shares of Focus Financial Partners by 10.0% during the second quarter. Carnick & Kubik Group LLC now owns 14,358 shares of the company’s stock worth $392,000 after buying an additional 1,300 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Focus Financial Partners during the second quarter worth approximately $38,000. 78.53% of the stock is owned by institutional investors.
About Focus Financial Partners
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services.
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