Wall Street analysts expect Focus Financial Partners Inc (NASDAQ:FOCS) to report $315.64 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Focus Financial Partners’ earnings. The lowest sales estimate is $313.45 million and the highest is $317.00 million. Focus Financial Partners posted sales of $247.52 million in the same quarter last year, which would indicate a positive year over year growth rate of 27.5%. The firm is expected to report its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Focus Financial Partners will report full year sales of $1.19 billion for the current year, with estimates ranging from $1.18 billion to $1.19 billion. For the next year, analysts forecast that the firm will report sales of $1.44 billion, with estimates ranging from $1.42 billion to $1.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The company had revenue of $316.60 million during the quarter, compared to the consensus estimate of $308.55 million. Focus Financial Partners had a positive return on equity of 12.96% and a negative net margin of 2.10%. The firm’s revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of FOCS. Cetera Advisor Networks LLC boosted its position in Focus Financial Partners by 185.5% during the third quarter. Cetera Advisor Networks LLC now owns 47,100 shares of the company’s stock valued at $1,125,000 after purchasing an additional 30,600 shares in the last quarter. Beck Mack & Oliver LLC boosted its position in Focus Financial Partners by 90.4% during the third quarter. Beck Mack & Oliver LLC now owns 59,315 shares of the company’s stock valued at $1,412,000 after purchasing an additional 28,165 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in Focus Financial Partners by 23.4% during the third quarter. TimesSquare Capital Management LLC now owns 2,383,080 shares of the company’s stock valued at $56,717,000 after purchasing an additional 452,435 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Focus Financial Partners during the third quarter valued at about $5,795,000. Finally, California Public Employees Retirement System boosted its position in Focus Financial Partners by 13.9% during the third quarter. California Public Employees Retirement System now owns 90,105 shares of the company’s stock valued at $2,144,000 after purchasing an additional 10,983 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:FOCS traded up $0.58 during mid-day trading on Thursday, reaching $26.73. 471,000 shares of the company traded hands, compared to its average volume of 249,336. Focus Financial Partners has a 52 week low of $19.05 and a 52 week high of $40.36. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.62 and a quick ratio of 2.62. The company’s 50 day moving average price is $22.94 and its 200-day moving average price is $26.54. The firm has a market cap of $1.61 billion, a PE ratio of 27.00, a PEG ratio of 0.51 and a beta of 1.97.
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.
Recommended Story: Why is the price target of stocks important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.