Focus Financial Partners (NASDAQ:FOCS) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Focus Financial Partners (NASDAQ:FOCS) released its earnings results on Thursday. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04, Briefing.com reports. 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 during the quarter, compared to analysts’ expectations of $308.55 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 34.3% on a year-over-year basis.

NASDAQ:FOCS traded up $0.58 on Friday, hitting $26.73. The stock had a trading volume of 471,000 shares, compared to its average volume of 249,336. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 1.59. The business’s fifty day moving average is $22.94 and its 200 day moving average 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 market cap of $1.61 billion, a PE ratio of 27.00, a P/E/G ratio of 0.51 and a beta of 1.97.

Several equities research analysts recently commented on FOCS shares. SunTrust Banks set a $26.00 target price on Focus Financial Partners and gave the stock a “hold” rating in a research note on Friday, August 9th. Bank of America decreased their target price on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Zacks Investment Research cut Focus Financial Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, William Blair reiterated a “market perform” rating on shares of Focus Financial Partners in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Focus Financial Partners presently has a consensus rating of “Hold” and an average price target of $34.75.

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 for Focus Financial Partners (NASDAQ:FOCS)

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