Federated Hermes (FHI) Scheduled to Post Earnings on Thursday

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

Federated Hermes (NYSE:FHI) last announced its earnings results on Friday, January 26th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12. Federated Hermes had a return on equity of 26.76% and a net margin of 18.58%. The business had revenue of $391.50 million for the quarter, compared to analysts’ expectations of $396.97 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. 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 Stock Performance

Shares of FHI stock opened at $35.37 on Tuesday. Federated Hermes has a one year low of $30.23 and a one year high of $43.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.51 and a quick ratio of 1.89. The business’s 50 day simple moving average is $35.68 and its 200 day simple moving average is $34.10. The stock has a market capitalization of $2.99 billion, a PE ratio of 10.37, a PEG ratio of 0.83 and a beta of 1.12.

Federated Hermes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s dividend payout ratio (DPR) is presently 32.84%.

Insider Transactions at Federated Hermes

In other news, VP Paul A. Uhlman sold 90,745 shares of the company’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 transaction of $3,199,668.70. Following the transaction, the vice president now directly owns 289,904 shares of the company’s stock, valued at $10,222,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Paul A. Uhlman sold 90,745 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $35.26, for a total transaction of $3,199,668.70. Following the completion of the sale, the vice president now owns 289,904 shares in the company, valued at $10,222,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul A. Uhlman sold 13,820 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $36.20, for a total value of $500,284.00. Following the sale, the vice president now owns 276,084 shares of the company’s stock, valued at approximately $9,994,240.80. The disclosure for this sale can be found here. Insiders have sold 115,435 shares of company stock valued at $4,092,831 over the last ninety days. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

About Federated Hermes

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.