Focus Financial Partners Inc. (NASDAQ:FOCS) Expected to Announce Quarterly Sales of $514.03 Million

Analysts expect Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) to announce sales of $514.03 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Focus Financial Partners’ earnings. The highest sales estimate is $516.00 million and the lowest is $511.53 million. Focus Financial Partners reported sales of $394.18 million during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Focus Financial Partners will report full year sales of $2.18 billion for the current financial year, with estimates ranging from $2.15 billion to $2.22 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.59 billion, with estimates ranging from $2.51 billion to $2.66 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last issued its earnings results on Thursday, February 17th. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.04. Focus Financial Partners had a return on equity of 24.59% and a net margin of 0.58%. The firm had revenue of $523.89 million for the quarter, compared to analysts’ expectations of $484.05 million. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year.

FOCS has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Focus Financial Partners from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Zacks Investment Research downgraded Focus Financial Partners from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Finally, Raymond James cut their price objective on Focus Financial Partners from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, Focus Financial Partners has a consensus rating of “Buy” and an average target price of $72.14.

FOCS traded down $0.43 during trading hours on Wednesday, reaching $39.45. 526,175 shares of the stock traded hands, compared to its average volume of 337,348. The firm’s fifty day simple moving average is $44.86 and its two-hundred day simple moving average is $54.25. The company has a debt-to-equity ratio of 2.14, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 232.07, a PEG ratio of 0.48 and a beta of 1.23. Focus Financial Partners has a fifty-two week low of $38.10 and a fifty-two week high of $69.13.

A number of large investors have recently modified their holdings of the stock. Wasatch Advisors Inc. lifted its stake in shares of Focus Financial Partners by 88.2% during the 4th quarter. Wasatch Advisors Inc. now owns 6,173,865 shares of the company’s stock worth $368,703,000 after buying an additional 2,893,968 shares during the last quarter. Darlington Partners Capital Management LP bought a new position in shares of Focus Financial Partners during the fourth quarter worth approximately $111,859,000. Capital World Investors boosted its stake in Focus Financial Partners by 36.2% in the 4th quarter. Capital World Investors now owns 5,469,539 shares of the company’s stock valued at $326,641,000 after purchasing an additional 1,453,859 shares during the period. TimesSquare Capital Management LLC grew its holdings in Focus Financial Partners by 37.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,252,409 shares of the company’s stock valued at $74,794,000 after buying an additional 344,464 shares in the last quarter. Finally, BlackRock Inc. increased its position in Focus Financial Partners by 6.3% during the 3rd quarter. BlackRock Inc. now owns 3,618,588 shares of the company’s stock worth $189,506,000 after buying an additional 213,547 shares during the period. Institutional investors and hedge funds own 88.86% of the company’s stock.

About Focus Financial Partners (Get Rating)

Focus Financial Partners Inc provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services.

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