Analysts predict that Focus Financial Partners Inc (NASDAQ:FOCS) will announce $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Focus Financial Partners’ earnings, with estimates ranging from $0.45 to $0.48. The firm is expected to announce its next earnings report on Tuesday, November 27th.
On average, analysts expect that Focus Financial Partners will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.78. For the next financial year, analysts forecast that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.29 to $2.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last released its earnings results on Tuesday, August 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $231.44 million during the quarter, compared to analysts’ expectations of $224.60 million.
FOCS has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on Focus Financial Partners to $57.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. William Blair initiated coverage on Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating on the stock. Bank of America initiated coverage on Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Goldman Sachs Group initiated coverage on Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock.
In other Focus Financial Partners news, Director Deborah D. Mcwhinney bought 3,000 shares of Focus Financial Partners stock in a transaction on Monday, July 30th. The shares were acquired at an average price of $33.00 per share, for a total transaction of $99,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
FOCS stock opened at $40.56 on Wednesday. The company has a debt-to-equity ratio of -2.00, a current ratio of 2.59 and a quick ratio of 2.59. Focus Financial Partners has a twelve month low of $35.01 and a twelve month high of $49.51.
About Focus Financial Partners
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
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