Zacks: Brokerages Anticipate Federated Investors (FII) Will Post Quarterly Sales of $280.71 Million

Equities research analysts forecast that Federated Investors (NYSE:FII) will report $280.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Federated Investors’ earnings. The highest sales estimate is $281.10 million and the lowest is $280.31 million. Federated Investors posted sales of $273.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.

On average, 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 financial year, analysts forecast that the company will report sales of $1.14 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Federated Investors.

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Federated Investors (NYSE:FII) last announced its quarterly earnings data 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 firm had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $283.45 million. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis.

A number of brokerages have issued reports on FII. Royal Bank of Canada raised their price objective on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Deutsche Bank raised their price objective on shares of Federated Investors from $32.00 to $34.00 and gave the company a “hold” rating in a research note on Friday. Citigroup raised shares of Federated Investors from a “sell” rating to a “neutral” rating in a research report on Monday, March 5th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Thursday, January 4th. Finally, JPMorgan Chase cut shares of Federated Investors from a “neutral” rating to an “underweight” rating and set a $31.00 price target on the stock. in a research report on Monday, January 8th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.88.

In related news, Director Gordon J. Ceresino sold 4,487 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $34.20, for a total transaction of $153,455.40. Following the sale, the director now directly owns 194,221 shares in the company, valued at $6,642,358.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John B. Fisher sold 11,683 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was 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 in the company, valued at $19,241,200.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,803 shares of company stock worth $608,486. Insiders own 5.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bremer Trust National Association acquired a new stake in shares of Federated Investors during the fourth quarter worth $209,000. First Allied Advisory Services Inc. acquired a new stake in shares of Federated Investors during the fourth quarter worth $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Federated Investors during the fourth quarter worth $215,000. FinTrust Investment Advisory Services LLC acquired a new stake in shares of Federated Investors during the fourth quarter worth $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Federated Investors by 34.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,025 shares of the asset manager’s stock worth $217,000 after acquiring an additional 1,541 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.

FII stock traded down $0.07 during midday trading on Monday, reaching $32.32. The company’s stock had a trading volume of 722,502 shares, compared to its average volume of 1,170,119. Federated Investors has a 52 week low of $25.24 and a 52 week high of $36.76. The stock has a market cap of $3,271.16, a PE ratio of 14.86, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.98 and a current ratio of 3.39.

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About Federated Investors

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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