Focus Financial Partners Inc (NASDAQ:FOCS) Expected to Announce Earnings of $0.60 Per Share

Equities analysts expect Focus Financial Partners Inc (NASDAQ:FOCS) to post earnings of $0.60 per share for the current fiscal quarter, Zacks 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 per share of $0.33 during the same quarter last year, which suggests a positive year over year growth rate of 81.8%. The business is expected to report its next earnings results 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 year, analysts forecast 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 calculations are an average based on a survey of sell-side research analysts that cover Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last announced its earnings results on Thursday, November 7th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Focus Financial Partners had a positive return on equity of 12.96% and a negative net margin of 2.10%. The business had revenue of $316.60 million for the quarter, compared to analyst estimates of $308.55 million. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year.

Several equities analysts have recently commented on the company. 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. William Blair reiterated a “market perform” rating on shares of Focus Financial Partners in a research report on Thursday. Bank of America reduced their price objective on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Zacks Investment Research downgraded Focus Financial Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Focus Financial Partners has a consensus rating of “Hold” and an average price target of $34.75.

Shares of NASDAQ FOCS traded up $0.58 during midday trading on Tuesday, reaching $26.73. 471,000 shares of the company’s stock were exchanged, compared to its average volume of 249,336. The stock has a market capitalization of $1.61 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.97. The business’s fifty day moving average price is $22.94 and its two-hundred day moving average price is $26.54. Focus Financial Partners has a 52-week low of $19.05 and a 52-week high of $40.36. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.62 and a current ratio of 2.62.

Several hedge funds and other institutional investors have recently modified their holdings of FOCS. Kavar Capital Partners LLC acquired a new stake in Focus Financial Partners in the second quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in Focus Financial Partners in the second quarter worth approximately $31,000. Quantamental Technologies LLC lifted its position in Focus Financial Partners by 225.0% in the second quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock worth $36,000 after purchasing an additional 900 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Focus Financial Partners in the second quarter worth approximately $38,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Focus Financial Partners in the second quarter worth approximately $40,000. Institutional investors and hedge funds own 78.53% 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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Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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