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

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

Federated Hermes (NYSE:FHIGet Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $381.14 million during the quarter, compared to analysts’ expectations of $373.91 million. Federated Hermes had a net margin of 18.05% and a return on equity of 25.31%. 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 Stock Performance

FHI stock opened at $37.59 on Wednesday. Federated Hermes has a 1-year low of $27.88 and a 1-year high of $39.29. The company has a current ratio of 2.64, a quick ratio of 1.90 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.35 billion, a PE ratio of 13.72 and a beta of 1.03. The business’s 50-day moving average price is $37.21 and its two-hundred day moving average price is $35.11.

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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, November 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 39.42%.

Wall Street Analysts Forecast Growth

FHI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on Federated Hermes from $42.00 to $44.00 in a research note on Wednesday, January 11th. StockNews.com initiated coverage on shares of Federated Hermes in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Federated Hermes from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 1st. One investment 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 data from MarketBeat.com, Federated Hermes has a consensus rating of “Hold” and an average target price of $35.10.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 14,300 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $34.85, for a total value of $498,355.00. Following the completion of the transaction, the chief executive officer now owns 243,497 shares of the company’s stock, valued at $8,485,870.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 14,300 shares of the business’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 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 available at this link. Also, insider Richard A. Novak sold 4,618 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $37.65, for a total value of $173,867.70. Following the completion of the transaction, the insider now owns 59,796 shares of the company’s stock, valued at approximately $2,251,319.40. The disclosure for this sale can be found here. Insiders sold 96,328 shares of company stock valued at $3,524,104 in the last ninety days. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its holdings 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 valued at $50,000 after buying an additional 1,150 shares during the last quarter. Covestor Ltd lifted its stake in Federated Hermes by 35.0% in the first quarter. Covestor Ltd now owns 3,780 shares of the company’s stock valued at $129,000 after acquiring an additional 980 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Federated Hermes in the 1st quarter valued at about $206,000. Mackenzie Financial Corp increased its stake in shares of 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 purchasing an additional 619 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Federated Hermes during the 2nd quarter worth about $227,000. Institutional investors and hedge funds own 78.82% of the company’s stock.

About Federated Hermes

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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.

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Earnings History for Federated Hermes (NYSE:FHI)

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