Focus Financial Partners (FOCS) Scheduled to Post Earnings on Thursday

Focus Financial Partners (NASDAQ:FOCS) will be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $259.90 million during 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 company’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. On average, analysts expect Focus Financial Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

FOCS stock opened at $25.45 on Wednesday. The company’s fifty day simple moving average is $27.96. The company has a market capitalization of $1.85 billion and a P/E ratio of 25.71. 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 1.56, a current ratio of 2.73 and a quick ratio of 2.73.

Several equities analysts have recently issued reports on FOCS shares. Keefe, Bruyette & Woods raised shares of Focus Financial Partners from a “market perform” rating to an “outperform” rating and raised their price target for the company from $35.00 to $35.50 in a research note on Friday, July 12th. Zacks Investment Research downgraded shares of Focus Financial Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Bank of America reaffirmed 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. Finally, SunTrust Banks dropped their price target on shares of Focus Financial Partners and set a “hold” rating for the company in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.36.

Focus Financial Partners Company Profile

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.

Further Reading: Why are gap-down stocks important?

Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.