Analysts Anticipate Focus Financial Partners Inc (FOCS) Will Post Earnings of $0.46 Per Share

Analysts expect Focus Financial Partners Inc (NASDAQ:FOCS) to post $0.46 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Focus Financial Partners’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. The business is scheduled to report its next earnings results on Tuesday, November 27th.

According to Zacks, analysts expect that Focus Financial Partners will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.72 to $1.78. For the next financial year, analysts anticipate that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.29 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 subject of several research analyst reports. Goldman Sachs Group initiated coverage on Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective for the company. BMO Capital Markets initiated coverage on Focus Financial Partners in a report on Monday, August 20th. They issued an “outperform” rating for the company. Bank of America initiated coverage on Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, William Blair initiated coverage on Focus Financial Partners in a report on Monday, August 20th. They issued a “market perform” rating for the company.

In other news, Director Deborah D. Mcwhinney acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was bought at an average price of $33.00 per share, with a total value of $99,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of FOCS stock traded down $0.36 during mid-day trading on Wednesday, hitting $42.15. The company’s stock had a trading volume of 133,510 shares, compared to its average volume of 320,733. Focus Financial Partners has a 52-week low of $35.01 and a 52-week high of $49.51. The company has a debt-to-equity ratio of -2.00, a quick ratio of 2.59 and a current ratio of 2.59.

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.

Featured Article: Closed-End Mutual Funds (CEFs)

Get a free copy of the Zacks research report on Focus Financial Partners (FOCS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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.

Leave a Reply