- Fiera Capital‘s second-quarter adjusted EPS was C$0.24, which was higher than both the previous year’s C$0.23 and the estimated C$0.19.
- The company’s revenue for the quarter was C$163.0 million, a decrease of 1.1% compared to the previous year, and slightly below the estimated C$166 million.
- Assets under management increased to C$160.5 billion, a 1% year-over-year increase, which was close to the estimated C$160.79 billion.
- Adjusted EBITDA was C$45.7 million, up by 0.9% from the previous year, exceeding the estimate of C$44.2 million.
- Adjusted profit surged by 9.4% year-over-year to C$27.2 million, surpassing the estimated C$23.3 million.
- The company noted that year-to-date base management fees increased due to stable average AUM and a resilient fee rate, largely driven by growth in their Private Markets platform.
- As of this report, there are 0 buy recommendations, 5 hold recommendations, and 0 sell recommendations for Fiera Capital.
A look at Fiera Capital Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fiera Capital Corporation, an asset management firm known for its wide range of investment solutions, has received a positive outlook based on Smartkarma Smart Scores. With a strong emphasis on dividends and momentum, Fiera Capital is deemed favorable for investors seeking stable returns and potential growth opportunities. The company’s focus on resilience further adds to its attractiveness, indicating a capability to weather market fluctuations effectively.
Despite moderate scores in value and growth factors, Fiera Capital‘s high marks in dividends and momentum signal a promising long-term outlook. As an established player providing investment management services in both Canada and the U.S., Fiera Capital appears well-positioned to cater to institutional, private wealth, and retail clients. Investors may find Fiera Capital appealing for its combination of dividend consistency and growth potential in the asset management sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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