Federated Hermes (FHI) Projected to Post Earnings on Thursday

Federated Hermes (NYSE:FHIGet Free Report) will likely be releasing its earnings data after the market closes on Thursday, January 30th. Analysts expect Federated Hermes to post earnings of $0.97 per share and revenue of $417,765.35 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Federated Hermes Price Performance

NYSE FHI opened at $38.77 on Tuesday. The company has a market cap of $3.17 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company has a quick ratio of 2.03, a current ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $40.93 and its two-hundred day simple moving average is $37.81. Federated Hermes has a 52 week low of $31.24 and a 52 week high of $43.92.

Insider Transactions at Federated Hermes

In other news, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.47, for a total value of $56,523.61. Following the completion of the sale, the insider now directly owns 53,837 shares of the company’s stock, valued at approximately $2,232,620.39. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,280 shares of company stock worth $1,185,871. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FHI shares. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $42.00 price target (down previously from $49.00) on shares of Federated Hermes in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Federated Hermes presently has an average rating of “Hold” and an average price target of $42.17.

View Our Latest Stock Analysis on FHI

Federated Hermes Company Profile

(Get Free Report)

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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