Analysts Anticipate Focus Financial Partners Inc (FOCS) Will Announce Quarterly Sales of $260.31 Million

Wall Street brokerages forecast that Focus Financial Partners Inc (NASDAQ:FOCS) will announce $260.31 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Focus Financial Partners’ earnings, with estimates ranging from $253.20 million to $267.00 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 16th.

On average, analysts expect that Focus Financial Partners will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $1.14 billion to $1.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.40 billion, with estimates ranging from $1.36 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Thursday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $244.78 million. Focus Financial Partners had a negative return on equity of 23.64% and a negative net margin of 4.34%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis.

Several analysts recently commented on FOCS shares. BMO Capital Markets raised their target price on Focus Financial Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Zacks Investment Research raised Focus Financial Partners from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, March 1st. Finally, SunTrust Banks raised their target price on Focus Financial Partners to $42.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Focus Financial Partners presently has a consensus rating of “Hold” and a consensus price target of $42.80.

A number of institutional investors and hedge funds have recently modified their holdings of FOCS. Akre Capital Management LLC acquired a new stake in Focus Financial Partners in the third quarter valued at approximately $130,515,000. Vanguard Group Inc acquired a new stake in Focus Financial Partners in the third quarter valued at approximately $71,814,000. Vanguard Group Inc. acquired a new stake in Focus Financial Partners in the third quarter valued at approximately $71,814,000. FMR LLC acquired a new stake in Focus Financial Partners in the third quarter valued at approximately $66,392,000. Finally, BlackRock Inc. acquired a new stake in Focus Financial Partners in the third quarter valued at approximately $59,026,000. 80.04% of the stock is currently owned by institutional investors.

Focus Financial Partners stock opened at $32.00 on Friday. Focus Financial Partners has a 52 week low of $22.61 and a 52 week high of $49.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.56 and a current ratio of 2.56.

About Focus Financial Partners

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

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