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Federated Hermes Q2 2024 Earnings Report

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$41.05 +0.28 (+0.69%)
(As of 12/20/2024 05:16 PM ET)

Federated Hermes EPS Results

Actual EPS
$0.96
Consensus EPS
$0.89
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.81

Federated Hermes Revenue Results

Actual Revenue
$402.60 million
Expected Revenue
$400.35 million
Beat/Miss
Beat by +$2.25 million
YoY Revenue Growth
-7.10%

Federated Hermes Announcement Details

Quarter
Q2 2024
Time
After Market Closes

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Federated Hermes Earnings Headlines

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Federated Hermes price target raised to $42 from $39 at RBC Capital
Vice President Of Federated Hermes Makes $102K Sale
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About Federated Hermes

Federated Hermes (NYSE:FHI) 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. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

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