$1.12 EPS expected for Focus Financial Partners Inc. (NASDAQ:FOCS) this quarter

Wall Street brokers expect Focus Financial Partners Inc. (NASDAQ:FOCS – Get Rating) to report earnings per share of $1.12 for the current quarter, according to Zacks Investment Research. Four analysts have made earnings estimates for Focus Financial Partners. The highest EPS estimate is $1.13 and the lowest is $1.10. Focus Financial Partners posted earnings per share of $0.98 in the same quarter last year, which would indicate a positive growth rate of 14.3% year over year. The company is due to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Focus Financial Partners to report annual earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $4.72. For the next fiscal year, analysts expect the company to post earnings of $5.21 per share, with EPS estimates ranging from $4.90 to $5.43. Zacks’ EPS calculations are an average based on a survey of research firms that track Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS – Get Rating) last released quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $1.16 for the quarter, beating analyst consensus estimates of $1.09 by $0.07. Focus Financial Partners achieved a return on equity of 25.03% and a net margin of 2.02%. The company posted revenue of $536.57 million in the quarter, compared to $515.65 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.83. The company’s revenue for the quarter increased by 36.1% compared to the same quarter last year.

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A number of research companies have recently published reports on FOCS. Truist Financial cut its price target on Focus Financial Partners from $78.00 to $65.00 in a Friday, May 6 report. Goldman Sachs Group cut its price target on Focus Financial Partners from $75.00 to $65.00 and set a “buy” rating for the company in a Thursday, March 31 report. Raymond James lowered his price target on Focus Financial Partners from $66.00 to $60.00 and set an “outperform” rating for the company in a Tuesday, April 5 report. Finally, Zacks Investment Research upgraded Focus Financial Partners from a “sell” rating to a “hold” rating in a report released on Friday. One equity research analyst gave the stock a hold rating and six gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $69.71.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its stake in Focus Financial Partners by 10.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,043 shares of the company worth $231,000 after purchasing an additional 475 shares during the period. Renaissance Technologies LLC increased its stake in Focus Financial Partners by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 121,300 shares of the company worth $5,548,000 after purchasing an additional 2,100 shares during the period. Northern Trust Corp increased its stake in Focus Financial Partners by 4.2% in the first quarter. Northern Trust Corp now owns 784,273 shares of the company worth $35,872,000 after purchasing an additional 31,336 shares during the period. Verition Fund Management LLC purchased a new stake in Focus Financial Partners in Q1 worth approximately $3,578,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Focus Financial Partners by 14.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,570 shares of the company worth $20,015,000 after purchasing an additional 56,857 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s shares.

FOCS opened at $36.22 on Monday. The stock has a 50-day moving average price of $42.60 and a 200-day moving average price of $52.62. Focus Financial Partners has a 12-month low of $33.20 and a 12-month high of $69.13. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt ratio of 2.06. The stock has a market capitalization of $2.79 billion, a P/E ratio of 59.38, a PEG ratio of 0.51 and a beta of 1.25.

Focus Financial Partners Company Profile (Get a rating)

Focus Financial Partners Inc provides wealth management services primarily to ultra-high and high net worth individuals, families and businesses. Its wealth management services include investment advice, financial and tax planning, counseling, tax return preparation, family office services and other services.

Further reading

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