Federated Hermes (FHI) Projected to Post Quarterly Earnings on Thursday

Federated Hermes (NYSE:FHI - Get Free Report) will likely be posting its quarterly earnings results 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. Parties that wish to listen to the company's conference call can do so using this link.

Federated Hermes (NYSE:FHI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.14. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. During the same period last year, the firm posted $0.86 EPS. The company's revenue was up 1.4% on a year-over-year basis. 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 Price Performance

Shares of FHI stock traded down $0.07 during mid-day trading on Thursday, hitting $37.90. The company had a trading volume of 506,408 shares, compared to its average volume of 633,372. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03. The stock's 50 day moving average price is $41.09 and its 200-day moving average price is $37.69. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a market capitalization of $3.10 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.40 and a beta of 1.16.

Wall Street Analyst Weigh In

FHI has been the subject of several research reports. StockNews.com downgraded 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 price objective (down previously from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Evercore ISI increased their target price on Federated Hermes from $41.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Monday, October 28th. Finally, UBS Group increased 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Federated Hermes currently has a consensus rating of "Hold" and a consensus target price of $42.17.

Insider Activity

In other news, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. Following the completion of the sale, the vice president now owns 77,288 shares of the company's stock, valued at approximately $3,083,018.32. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard A. Novak sold 1,363 shares of the business's stock in a transaction that occurred on 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 owns 53,837 shares of the company's stock, valued at $2,232,620.39. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,280 shares of company stock valued at $1,185,871. 3.70% of the stock is currently owned by company insiders.

Federated Hermes Company Profile

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.