Focus Financial Partners Inc (NASDAQ:FOCS) Expected to Announce Earnings of $0.52 Per Share

Analysts forecast that Focus Financial Partners Inc (NASDAQ:FOCS) will report earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Focus Financial Partners’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. Focus Financial Partners reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 225%. The firm is expected to issue its next earnings results on Monday, November 11th.

According to Zacks, analysts expect that Focus Financial Partners will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.99. For the next fiscal year, analysts anticipate that the company will report earnings of $2.48 per share, with EPS estimates ranging from $2.44 to $2.52. Zacks’ EPS averages are an average based on a survey of analysts that follow Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last issued its earnings results on Thursday, August 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $301.55 million for the quarter, compared to analyst estimates of $292.29 million. Focus Financial Partners had a positive return on equity of 12.96% and a negative net margin of 2.10%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS.

FOCS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upgraded Focus Financial Partners from a “market perform” rating to an “outperform” rating and raised their target price for the company from $35.00 to $35.50 in a research note on Friday, July 12th. SunTrust Banks set a $26.00 target price on Focus Financial Partners and gave the company a “hold” rating in a research note on Friday, August 9th. Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, October 8th. Finally, Bank of America lowered their target price on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.75.

NASDAQ:FOCS opened at $22.99 on Friday. The business’s 50-day moving average is $22.24 and its two-hundred day moving average is $28.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.62 and a quick ratio of 2.62. Focus Financial Partners has a 12 month low of $19.05 and a 12 month high of $44.97. The firm has a market capitalization of $1.57 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.50 and a beta of 2.01.

A number of hedge funds have recently modified their holdings of the business. Kavar Capital Partners LLC bought a new stake in shares of Focus Financial Partners during the second quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new stake in shares of Focus Financial Partners during the second quarter valued at approximately $31,000. Quantamental Technologies LLC raised its holdings in shares of Focus Financial Partners by 225.0% during the second quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after buying an additional 900 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Focus Financial Partners during the second quarter valued at approximately $38,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Focus Financial Partners during the second quarter valued at approximately $40,000. Institutional investors own 78.62% of the company’s stock.

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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