Brokerages expect Focus Financial Partners Inc (NASDAQ:FOCS) to post $315.64 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Focus Financial Partners’ earnings. The highest sales estimate is $317.00 million and the lowest is $313.45 million. Focus Financial Partners reported sales of $247.52 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.5%. The firm is scheduled to announce its next earnings results on Thursday, February 20th.
On average, 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 expect that the firm will report sales of $1.44 billion, with estimates ranging from $1.42 billion to $1.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The business had revenue of $316.60 million during the quarter, compared to analysts’ expectations 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 business’s revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share.
FOCS has been the topic of several recent analyst reports. Zacks Investment Research lowered Focus Financial Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Bank of America decreased their price target on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. SunTrust Banks set a $26.00 price target on Focus Financial Partners and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, William Blair reaffirmed a “market perform” rating on shares of Focus Financial Partners in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Shares of Focus Financial Partners stock traded up $0.58 on Thursday, reaching $26.73. The company’s stock had a trading volume of 471,000 shares, compared to its average volume of 249,336. The stock has a 50-day moving average price of $22.94 and a 200-day moving average price of $26.54. The company has a market capitalization of $1.61 billion, a P/E ratio of 27.00, a PEG ratio of 0.51 and a beta of 1.97. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 1.59. Focus Financial Partners has a 52-week low of $19.05 and a 52-week high of $40.36.
Several institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC lifted its stake in shares of Focus Financial Partners by 225.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after purchasing an additional 900 shares during the last quarter. Kavar Capital Partners LLC acquired a new position in shares of Focus Financial Partners in the 2nd quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Focus Financial Partners in the 2nd quarter valued at $31,000. Carnick & Kubik Group LLC raised its holdings in shares of Focus Financial Partners by 10.0% in the 2nd quarter. Carnick & Kubik Group LLC now owns 14,358 shares of the company’s stock valued at $392,000 after buying an additional 1,300 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Focus Financial Partners in the 2nd quarter valued at $38,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.
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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