Federated Hermes (FHI) to Release Quarterly Earnings on Thursday

Federated Hermes (NYSE:FHI) is scheduled to release its earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.87 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:FHI) last issued its earnings results on Thursday, April 25th. The company reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. The firm had revenue of $396.37 million for the quarter, compared to analyst estimates of $400.26 million. Federated Hermes had a net margin of 18.75% and a return on equity of 27.00%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. 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 0.9 %

Shares of NYSE:FHI opened at $34.75 on Wednesday. Federated Hermes has a 52-week low of $30.23 and a 52-week high of $37.31. The company has a market capitalization of $2.92 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 3.39. The company has a fifty day moving average of $32.89 and a 200-day moving average of $34.25.

Federated Hermes Increases Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were given a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a yield of 3.8%. This is a positive change from Federated Hermes’s previous None dividend of $1.27. Federated Hermes’s payout ratio is currently 35.23%.

Analysts Set New Price Targets

A number of analysts have recently commented on FHI shares. JPMorgan Chase & Co. lifted their price target on Federated Hermes from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. UBS Group reduced their target price on shares of Federated Hermes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. TD Cowen dropped their price target on shares of Federated Hermes from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Finally, Evercore ISI reduced their price objective on shares of Federated Hermes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Activity

In related news, VP Paul A. Uhlman sold 994 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.43, for a total value of $31,241.42. Following the transaction, the vice president now owns 298,578 shares in the company, valued at $9,384,306.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Federated Hermes news, VP Paul A. Uhlman sold 975 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $33.00, for a total transaction of $32,175.00. Following the transaction, the vice president now directly owns 299,572 shares in the company, valued at approximately $9,885,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul A. Uhlman sold 994 shares of Federated Hermes stock in a transaction on Monday, June 17th. The shares were sold at an average price of $31.43, for a total transaction of $31,241.42. Following the completion of the sale, the vice president now owns 298,578 shares of the company’s stock, valued at approximately $9,384,306.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,361 shares of company stock valued at $76,360. 3.70% of the stock is currently owned by insiders.

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.