Zacks: Brokerages Anticipate Focus Financial Partners Inc (NASDAQ:FOCS) Will Post Earnings of $0.53 Per Share

Wall Street brokerages expect Focus Financial Partners Inc (NASDAQ:FOCS) to announce earnings per share (EPS) of $0.53 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Focus Financial Partners’ earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.58. Focus Financial Partners reported earnings per share of $0.40 during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 27th.

On average, analysts expect that Focus Financial Partners will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.06 to $2.19. For the next financial year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.50 to $2.72. Zacks Investment Research’s EPS calculations are a mean 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $259.90 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS.

FOCS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday. Bank of America restated a “neutral” rating and set a $31.00 price target (down previously from $36.00) on shares of Focus Financial Partners in a research note on Thursday, June 6th. Oppenheimer initiated coverage on shares of Focus Financial Partners in a research note on Monday, April 8th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, SunTrust Banks increased their price target on shares of Focus Financial Partners to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Focus Financial Partners currently has a consensus rating of “Hold” and a consensus target price of $40.00.

A number of large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its stake in Focus Financial Partners by 2.7% in the 4th quarter. Macquarie Group Ltd. now owns 17,381 shares of the company’s stock valued at $458,000 after buying an additional 452 shares during the last quarter. Northern Trust Corp boosted its holdings in Focus Financial Partners by 0.5% in the 4th quarter. Northern Trust Corp now owns 233,703 shares of the company’s stock valued at $6,154,000 after purchasing an additional 1,181 shares during the period. Jennison Associates LLC boosted its holdings in Focus Financial Partners by 0.4% in the 4th quarter. Jennison Associates LLC now owns 362,325 shares of the company’s stock valued at $9,540,000 after purchasing an additional 1,457 shares during the period. Bank of New York Mellon Corp boosted its holdings in Focus Financial Partners by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 77,071 shares of the company’s stock valued at $2,029,000 after purchasing an additional 2,010 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its holdings in Focus Financial Partners by 43.1% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 8,372 shares of the company’s stock valued at $298,000 after purchasing an additional 2,522 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

Focus Financial Partners stock traded up $0.09 during trading hours on Friday, hitting $27.04. The company had a trading volume of 708 shares, compared to its average volume of 262,678. The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of 27.08. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 1.56. The company’s fifty day moving average is $29.69. Focus Financial Partners has a fifty-two week low of $22.61 and a fifty-two week high of $49.51.

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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