Brokerages expect that Focus Financial Partners Inc (NASDAQ:FOCS) will post sales of $293.98 million for the current quarter, Zacks reports. Four analysts have provided estimates for Focus Financial Partners’ earnings, with estimates ranging from $283.00 million to $306.91 million. Focus Financial Partners posted sales of $231.44 million during the same quarter last year, which suggests a positive year over year growth rate of 27%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 27th.
According to Zacks, analysts expect that Focus Financial Partners will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $1.14 billion to $1.19 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.43 billion, with estimates ranging from $1.39 billion to $1.46 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $259.90 million for the quarter, compared to the consensus estimate of $258.97 million. Focus Financial Partners had a negative net margin of 3.12% and a positive return on equity of 21.17%. The firm’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share.
FOCS stock traded up $0.48 during trading on Tuesday, reaching $28.54. 290,196 shares of the company were exchanged, compared to its average volume of 229,317. The stock has a market cap of $1.98 billion and a P/E ratio of 28.83. Focus Financial Partners has a 52-week low of $22.61 and a 52-week high of $49.51. The firm’s 50 day moving average is $27.93. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 1.56.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. TrinityPoint Wealth LLC acquired a new position in shares of Focus Financial Partners in the first quarter valued at approximately $203,000. Metropolitan Life Insurance Co. NY raised its position in shares of Focus Financial Partners by 246.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,850 shares of the company’s stock valued at $154,000 after buying an additional 4,162 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Focus Financial Partners by 1,117.4% in the first quarter. BNP Paribas Arbitrage SA now owns 6,282 shares of the company’s stock valued at $224,000 after buying an additional 5,766 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in shares of Focus Financial Partners by 43.1% in the first quarter. Metropolitan Life Insurance Co NY now owns 8,372 shares of the company’s stock valued at $298,000 after buying an additional 2,522 shares during the last quarter. Finally, LLBH Private Wealth Management LLC acquired a new position in shares of Focus Financial Partners in the first quarter valued at approximately $327,000. Institutional investors own 79.66% of the company’s stock.
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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