Federated Hermes (FHI) to Release Quarterly Earnings on Thursday

Federated Hermes (NYSE:FHI - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $425.43 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Federated Hermes (NYSE:FHI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.08. Federated Hermes had a return on equity of 30.31% and a net margin of 16.44%. 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 Up 0.3 %

Federated Hermes stock traded up $0.11 during midday trading on Friday, reaching $37.58. The stock had a trading volume of 520,289 shares, compared to its average volume of 734,685. The firm's fifty day simple moving average is $38.67 and its 200-day simple moving average is $39.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.70. The stock has a market capitalization of $3.06 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. Federated Hermes has a 1-year low of $31.24 and a 1-year high of $43.92.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.31 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.30%. Federated Hermes's dividend payout ratio is presently 38.87%.

Insider Transactions at Federated Hermes

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 5,546 shares of Federated Hermes stock in a transaction on Friday, February 7th. The shares were sold at an average price of $38.81, for a total transaction of $215,240.26. Following the transaction, the chief executive officer now directly owns 179,096 shares of the company's stock, valued at $6,950,715.76. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FHI. UBS Group upped their price objective on shares of Federated Hermes from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada cut their price objective on shares of Federated Hermes from $42.00 to $39.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $41.00 target price (down previously from $42.00) on shares of Federated Hermes in a research report on Wednesday, February 5th. StockNews.com cut Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 1st. Finally, Evercore ISI decreased their price objective on Federated Hermes from $42.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.17.

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.