Federated Hermes (FHI) Set to Announce Earnings on Thursday

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

Federated Hermes (NYSE:FHI) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The company had revenue of $391.50 million during the quarter, compared to the consensus estimate of $396.97 million. Federated Hermes had a net margin of 18.58% and a return on equity of 26.76%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. 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 0.4 %

FHI opened at $35.08 on Thursday. The business’s fifty day simple moving average is $35.68 and its 200 day simple moving average is $34.04. Federated Hermes has a 52 week low of $30.23 and a 52 week high of $45.55. The company has a quick ratio of 1.89, a current ratio of 2.51 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.96 billion, a PE ratio of 10.29, a P/E/G ratio of 0.83 and a beta of 1.12.

Federated Hermes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 7th. Federated Hermes’s payout ratio is currently 32.84%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Cowen began coverage on Federated Hermes in a research report on Thursday, January 4th. They issued a “market perform” rating and a $32.00 target price for the company. Royal Bank of Canada upped their price objective 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. UBS Group increased their target price on shares of Federated Hermes from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Federated Hermes from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity at Federated Hermes

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

Institutional Trading of Federated Hermes

Several large investors have recently bought and sold shares of FHI. Gamco Investors INC. ET AL increased its stake in shares of Federated Hermes by 0.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 91,200 shares of the company’s stock worth $3,088,000 after acquiring an additional 300 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in Federated Hermes by 3.7% in the fourth quarter. Eqis Capital Management Inc. now owns 8,920 shares of the company’s stock worth $324,000 after purchasing an additional 321 shares during the period. American Century Companies Inc. increased its stake in shares of Federated Hermes by 1.8% during the first quarter. American Century Companies Inc. now owns 22,078 shares of the company’s stock valued at $883,000 after purchasing an additional 401 shares in the last quarter. Cim Investment Management Inc. lifted its holdings in shares of Federated Hermes by 3.6% during the first quarter. Cim Investment Management Inc. now owns 13,257 shares of the company’s stock valued at $532,000 after purchasing an additional 455 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of Federated Hermes by 2.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 20,615 shares of the company’s stock worth $702,000 after purchasing an additional 472 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

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.