Federated Investors Inc (NYSE:FII) Expected to Post Quarterly Sales of $331.04 Million

Equities analysts expect that Federated Investors Inc (NYSE:FII) will report sales of $331.04 million for the current quarter, according to Zacks. Two analysts have issued estimates for Federated Investors’ earnings, with the highest sales estimate coming in at $332.08 million and the lowest estimate coming in at $330.00 million. Federated Investors posted sales of $308.62 million in the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is scheduled to report its next earnings results on Thursday, October 24th.

On average, analysts expect that Federated Investors will report full-year sales of $1.30 billion for the current financial year, with estimates ranging from $1.28 billion to $1.31 billion. For the next year, analysts anticipate that the firm will report sales of $1.39 billion, with estimates ranging from $1.38 billion to $1.42 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Federated Investors.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, July 25th. The asset manager reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Federated Investors had a net margin of 19.16% and a return on equity of 27.29%. The business had revenue of $321.50 million for the quarter, compared to the consensus estimate of $317.81 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis.

FII has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Federated Investors from a “neutral” rating to an “overweight” rating and increased their target price for the company from $34.00 to $36.00 in a research note on Monday, June 10th. ValuEngine downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America set a $28.00 target price on shares of Federated Investors and gave the company a “sell” rating in a research note on Tuesday, April 9th. Zacks Investment Research downgraded shares of Federated Investors from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Citigroup increased their target price on shares of Federated Investors from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Federated Investors has an average rating of “Hold” and an average target price of $30.71.

In other news, VP Paul A. Uhlman sold 1,007 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $31.82, for a total value of $32,042.74. Following the transaction, the vice president now directly owns 235,364 shares in the company, valued at $7,489,282.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul A. Uhlman sold 40,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $35.15, for a total transaction of $1,406,000.00. Following the completion of the transaction, the vice president now owns 195,364 shares in the company, valued at $6,867,044.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,549 shares of company stock worth $4,610,195. Company insiders own 5.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FII. Quadrant Capital Group LLC grew its holdings in Federated Investors by 2,366.7% during the 1st quarter. Quadrant Capital Group LLC now owns 1,702 shares of the asset manager’s stock worth $49,000 after acquiring an additional 1,633 shares in the last quarter. Bremer Bank National Association bought a new position in Federated Investors during the 1st quarter worth about $61,000. FMR LLC grew its holdings in Federated Investors by 40.5% during the 1st quarter. FMR LLC now owns 2,266 shares of the asset manager’s stock worth $66,000 after acquiring an additional 653 shares in the last quarter. Signaturefd LLC grew its holdings in Federated Investors by 92.5% during the 1st quarter. Signaturefd LLC now owns 2,435 shares of the asset manager’s stock worth $71,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Federated Investors by 49.4% during the 1st quarter. Parallel Advisors LLC now owns 2,751 shares of the asset manager’s stock worth $81,000 after acquiring an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Shares of FII opened at $33.99 on Friday. Federated Investors has a twelve month low of $22.06 and a twelve month high of $35.98. The stock has a market capitalization of $3.54 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a current ratio of 2.23, a quick ratio of 1.90 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $33.16.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 7th. Federated Investors’s payout ratio is presently 45.19%.

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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