Federated Hermes (FHI) Set to Announce Earnings on Thursday

Federated Hermes (NYSE:FHI) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Federated Hermes (NYSE:FHI) last released its earnings results 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. 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 the consensus estimate of $396.97 million. During the same period last year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. 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 Down 1.2 %

FHI stock opened at $34.95 on Wednesday. Federated Hermes has a twelve month low of $30.23 and a twelve month high of $43.22. The company has a market cap of $2.95 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The business’s 50-day simple moving average is $35.68 and its 200 day simple moving average is $34.10. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31.

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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s dividend payout ratio is 32.84%.

Insider Activity

In other news, VP Paul A. Uhlman sold 13,820 shares of Federated Hermes stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $36.20, for a total value of $500,284.00. Following the completion of the transaction, the vice president now owns 276,084 shares in the company, valued at $9,994,240.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Paul A. Uhlman sold 13,820 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $36.20, for a total value of $500,284.00. Following the completion of the transaction, the vice president now owns 276,084 shares in the company, valued at approximately $9,994,240.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saker Anwar Nusseibeh sold 8,302 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $36.15, for a total transaction of $300,117.30. Following the completion of the transaction, the chief executive officer now owns 178,176 shares of the company’s stock, valued at approximately $6,441,062.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,435 shares of company stock worth $4,092,831. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FHI. UBS Group raised their price target on shares of Federated Hermes from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. TD Cowen started coverage on shares of Federated Hermes in a research note on Thursday, January 4th. They issued a “market perform” rating and a $32.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Federated Hermes from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Federated Hermes 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.