Federated Hermes (FHI) Set to Announce Quarterly Earnings on Thursday

Federated Hermes (NYSE:FHIGet Rating) will be releasing its earnings data after the market closes on Thursday, January 26th. Analysts expect Federated Hermes to post earnings of $0.75 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Federated Hermes (NYSE:FHIGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. Federated Hermes had a net margin of 18.05% and a return on equity of 25.31%. The business had revenue of $381.14 million during the quarter, compared to analysts’ expectations of $373.91 million. On average, analysts expect Federated Hermes to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Federated Hermes Trading Down 1.3 %

Shares of Federated Hermes stock traded down $0.48 during trading on Tuesday, reaching $37.59. The company’s stock had a trading volume of 624,237 shares, compared to its average volume of 606,336. Federated Hermes has a 52-week low of $27.88 and a 52-week high of $39.29. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 13.72 and a beta of 1.03. The firm’s 50-day moving average is $37.21 and its two-hundred day moving average is $35.11. The company has a quick ratio of 1.90, a current ratio of 2.64 and a debt-to-equity ratio of 0.41.

Federated Hermes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.87%. Federated Hermes’s dividend payout ratio (DPR) is 39.42%.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 14,300 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $34.85, for a total transaction of $498,355.00. Following the sale, the chief executive officer now directly owns 243,497 shares of the company’s stock, valued at approximately $8,485,870.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Vice Chairman Gordon J. Ceresino sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $37.95, for a total transaction of $759,000.00. Following the sale, the insider now owns 155,829 shares of the company’s stock, valued at approximately $5,913,710.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 14,300 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $34.85, for a total transaction of $498,355.00. Following the sale, the chief executive officer now directly owns 243,497 shares in the company, valued at approximately $8,485,870.45. The disclosure for this sale can be found here. Insiders sold a total of 96,328 shares of company stock worth $3,524,104 in the last three months. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Federated Hermes

Institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co lifted its stake in shares of Federated Hermes by 310.8% in the 3rd quarter. CENTRAL TRUST Co now owns 1,520 shares of the company’s stock worth $50,000 after purchasing an additional 1,150 shares during the period. Covestor Ltd lifted its stake in shares of Federated Hermes by 35.0% in the 1st quarter. Covestor Ltd now owns 3,780 shares of the company’s stock worth $129,000 after purchasing an additional 980 shares during the period. Walleye Capital LLC bought a new stake in Federated Hermes during the 1st quarter worth approximately $206,000. Mackenzie Financial Corp raised its stake in Federated Hermes by 10.3% during the 1st quarter. Mackenzie Financial Corp now owns 6,647 shares of the company’s stock worth $226,000 after acquiring an additional 619 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Federated Hermes during the 2nd quarter worth approximately $227,000. Institutional investors own 78.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FHI. StockNews.com began coverage on shares of Federated Hermes in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Royal Bank of Canada upped their price target on shares of Federated Hermes from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Federated Hermes from $42.00 to $44.00 in a report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average price target of $35.10.

Federated Hermes Company Profile

(Get Rating)

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

See Also

Earnings History for Federated Hermes (NYSE:FHI)

Receive News & Ratings for Federated Hermes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Hermes and related companies with MarketBeat.com's FREE daily email newsletter.