Focus Financial Partners Inc. (NASDAQ:FOCS) – Research analysts at Oppenheimer dropped their Q3 2021 earnings per share (EPS) estimates for shares of Focus Financial Partners in a report issued on Tuesday, October 12th. Oppenheimer analyst O. Lau now expects that the company will earn $0.91 per share for the quarter, down from their previous forecast of $0.93. Oppenheimer currently has a “Outperform” rating and a $71.00 target price on the stock. Oppenheimer also issued estimates for Focus Financial Partners’ Q4 2021 earnings at $0.91 EPS, FY2021 earnings at $3.53 EPS and FY2022 earnings at $4.10 EPS.
Several other research firms have also issued reports on FOCS. TheStreet upgraded Focus Financial Partners from a “d” rating to a “c” rating in a research note on Thursday, August 19th. Zacks Investment Research lowered Focus Financial Partners from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price objective on Focus Financial Partners from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $59.57.
Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings data on Thursday, August 5th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.11). Focus Financial Partners had a net margin of 0.49% and a return on equity of 26.13%. The business had revenue of $425.36 million during the quarter, compared to the consensus estimate of $413.41 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 35.8% compared to the same quarter last year.
Several large investors have recently made changes to their positions in FOCS. Knights of Columbus Asset Advisors LLC boosted its holdings in Focus Financial Partners by 0.8% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 46,753 shares of the company’s stock valued at $2,268,000 after acquiring an additional 360 shares during the last quarter. Amalgamated Bank boosted its holdings in Focus Financial Partners by 10.2% in the first quarter. Amalgamated Bank now owns 5,418 shares of the company’s stock valued at $225,000 after acquiring an additional 500 shares during the last quarter. FFT Wealth Management LLC bought a new position in Focus Financial Partners in the second quarter valued at about $27,000. Great West Life Assurance Co. Can boosted its holdings in Focus Financial Partners by 32.9% in the second quarter. Great West Life Assurance Co. Can now owns 2,298 shares of the company’s stock valued at $111,000 after acquiring an additional 569 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Focus Financial Partners by 7.9% in the first quarter. SG Americas Securities LLC now owns 8,270 shares of the company’s stock valued at $344,000 after acquiring an additional 609 shares during the last quarter. Institutional investors own 88.24% of the company’s stock.
Focus Financial Partners Company Profile
Focus Financial Partners, Inc is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.
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