FINWIRES · TerminalLIVE
FINWIRES

Fiera Capital's Second-Quarter Adjusted Earnings Falls 13% YoY

By

Fiera Capital's (FSZ.TO) second-quarter adjusted earnings fell 13% year over year, to C$0.21 per share, from C$0.24 per share, the company said on Friday.

The result fell short of the consensus analyst expectation of C$0.24 per share, according to FactSet. Fiera said the prior year quarter had benefited from a C$12.5 million gain on an investment revaluation.

The asset-management firm said total revenue declined 4.8% to C$155.1 million over the same period, which missed the C$161.7 million that analysts had expected.

Total assets under management at the end of the quarter edged up 1.9% to C$163.5 billion, from C$160.5 billion.

Fiera Capital will pay a quarterly dividend of C$0.108 per share on Sept. 17 to shareholders of record on Aug. 20.

The company's shares closed down C$0.03 to C$5.07 on the Toronto Stock Exchange on Thursday.

Related Articles

Mining & Metals

NFI Group Posts Higher Q2 Adjusted Earnings, Revenue; Fiscal 2026 Outlook Updated

NFI Group (NFI.TO) after trade Thursday reported second-quarter adjusted net earnings of $0.23 per share, up from $0.09 a year ago.Analysts polled by FactSet expected $0.23.Revenue for the quarter ended June 28 was $1.03 billion, up from $868.2 million a year earlier.Analysts polled by FactSet expected $965.6 million.The company updated its fiscal 2026 guidance by raising the lower end of its revenue outlook from $3.9 billion to $4.2 billion to $4 billion to $4.2 billion, while maintaining the upper end of the range."The guidance ranges referred to above do not take into account and may be materially adversely affected by changes to tariffs and trade policy, government funding, and supply chain performance," it added.

$NFI.TO
Mining & Metals

Sun Life Q2 Earnings Jump 13% YoY, Separately Announces Board Chair Appointment

Sun Life Financial (SLF.TO) on Thursday said second-quarter underlying earnings increased 13% year over year to C$2.02 per share, from C$1.79 per share.Analysts polled by FactSet had expected C$1.93 per share.The life insurer said underlying profit was boosted by strong performance across Canada, Asia, particularly from business growth in Hong Kong, and the US, where Sun Life recorded medical stop-loss revenue growth and from favorable in-force management.Sun Life reported a LICAT ratio of 154% at the end of the quarter.The company will pay a quarterly dividend of C$0.96 per share on Sept. 29, to shareholders of record Aug. 26."We saw strong momentum across our health and individual protection businesses, with group insurance sales up 27% and individual insurance sales up 16%," said Sun Life Chief Executive Kevin Strain. "In asset management and wealth, we continued to build momentum in alternatives, private credit and product innovation, contributing $2.1 billion of net inflows and wealth sales in the quarter. These results delivered double-digit underlying net income growth and an underlying ROE of 19.1% for the quarter."Sun Life separately said Scott Powers will retire as board chair following the company's annual meeting on May 5, 2027. He will be succeeded by Joseph Natale as chair. Natale has been a Sun Life director since February 2023 and currently chairs the Management Resource Committee and is a member of the Risk Committee.Sun Life shares closed down C$0.87 to C$115.59 on the Toronto Stock Exchange.

$SLF.TO
Mining & Metals

Wheaton Precious Metals Tops Q2 Earnings Estimates

Wheaton Precious Metals (WPM.TO) on Thursday reported second-quarter net income of $1.20, or $542.54 million, compared to $0.63 per share, or $286.0 million in the prior year period. It exceeded FactSet consensus of $1.14 per share.Revenue in the quarter rose to $929.20 million, compared to $503.22 million the same period last year.The company also declared a quarterly cash dividend payment for 2026 of $0.195 per share, The dividend is qill be paid on Sept.3 to holders on Aug.20The company's shares closed C$3.31 up at C$175.79 on Toronto Stock Exchange.

$WPM.TO