Federated Hermes (FHI) Scheduled to Post Earnings on Thursday

Federated Hermes (NYSE:FHI) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Federated Hermes (NYSE:FHI) last released its quarterly earnings data on Friday, January 26th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The firm had revenue of $391.50 million during the quarter, compared to analyst estimates of $396.97 million. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, analysts expect Federated Hermes to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Federated Hermes Price Performance

NYSE:FHI opened at $35.37 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.89 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.99 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.83 and a beta of 1.12. Federated Hermes has a 12 month low of $30.23 and a 12 month high of $43.22. The business’s 50-day moving average is $35.68 and its 200 day moving average is $34.10.

Federated Hermes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were given a $0.28 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.17%. Federated Hermes’s dividend payout ratio is currently 32.84%.

Insider Activity

In other news, VP Paul A. Uhlman sold 90,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total value of $3,199,668.70. Following the completion of the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at approximately $10,222,015.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Meter Stephen Van sold 1,660 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $36.15, for a total transaction of $60,009.00. Following the completion of the sale, the vice president now directly owns 31,689 shares of the company’s stock, valued at approximately $1,145,557.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul A. Uhlman sold 90,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total value of $3,199,668.70. Following the sale, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The disclosure for this sale can be found here. Insiders sold 115,435 shares of company stock valued at $4,092,831 in the last ninety days. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FHI shares. UBS Group boosted their target price on Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen started coverage on Federated Hermes in a research report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 target price on the stock. Royal Bank of Canada boosted their target price on Federated Hermes from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on Federated Hermes from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Federated Hermes Company Profile

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.