Q: I asked about Fiera a couple of weeks ago.With their report (fin.) it went up quite a bit today. I had not sold yet . It looks like they are doing a good job.What is 5I opinion .stay the course they seemed to be heading in right direction with debt payment. Div. 21.5 cents is also attractive and is it safe
5i Research Answer:
FSZ finally put together a strong quarter. EPS was 37c, ahead of estimates of 28c. Revenue of $210M was 11% better than expected. Assets rose 2% to $161B and this was better than $158.6B expected. Revenue rose 14%. Of the $3.2B in outflows, most was due to just one client. The results show the earnings leverage a change in assets can have. One quarter does not make a trend, but it was a much better showing than usual. The dividend is a 'bit' safer now but still needs to be considered higher risk.