Zacks: Analysts Expect Focus Financial Partners Inc (NASDAQ:FOCS) to Post $0.61 EPS

Wall Street analysts expect that Focus Financial Partners Inc (NASDAQ:FOCS) will post earnings of $0.61 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Focus Financial Partners’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.56. Focus Financial Partners posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year-over-year growth rate of 84.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Focus Financial Partners will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.30. For the next financial year, analysts forecast that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.64 to $2.87. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $316.60 million for the quarter, compared to analyst estimates of $308.55 million. Focus Financial Partners had a negative net margin of 0.93% and a positive return on equity of 16.83%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share.

Several research firms have recently weighed in on FOCS. Jefferies Financial Group began coverage on shares of Focus Financial Partners in a research note on Tuesday, December 10th. They issued a “buy” rating and a $34.00 target price for the company. Zacks Investment Research upgraded shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, January 8th. William Blair reiterated a “market perform” rating on shares of Focus Financial Partners in a research note on Thursday, November 7th. Finally, BMO Capital Markets lifted their target price on shares of Focus Financial Partners from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Focus Financial Partners has an average rating of “Buy” and a consensus target price of $36.64.

Shares of FOCS stock opened at $29.73 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 0.53 and a beta of 2.18. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.16 and a current ratio of 2.16. The firm’s 50-day simple moving average is $28.90 and its two-hundred day simple moving average is $25.52. Focus Financial Partners has a 52 week low of $19.05 and a 52 week high of $40.36.

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in Focus Financial Partners during the second quarter valued at approximately $31,000. Quantamental Technologies LLC grew its stake in 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 acquiring an additional 900 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in Focus Financial Partners during the second quarter valued at approximately $38,000. Tower Research Capital LLC TRC purchased a new position in Focus Financial Partners during the second quarter valued at approximately $40,000. Finally, Metropolitan Life Insurance Co NY grew its stake in Focus Financial Partners by 20.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 10,104 shares of the company’s stock valued at $240,000 after acquiring an additional 1,732 shares in the last quarter. 81.62% of the stock is owned by institutional investors.

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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