Zacks Research Has Bullish Estimate for FHI FY2024 Earnings

Federated Hermes, Inc. (NYSE:FHI - Free Report) - Stock analysts at Zacks Research upped their FY2024 EPS estimates for shares of Federated Hermes in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $3.76 for the year, up from their prior estimate of $3.53. The consensus estimate for Federated Hermes' current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Federated Hermes' Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $4.03 EPS, Q3 2026 earnings at $1.04 EPS and FY2026 earnings at $4.11 EPS.

Federated Hermes (NYSE:FHI - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share 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 firm had revenue of $408.46 million for the quarter, compared to analyst estimates of $410.26 million. During the same quarter last year, the business posted $0.86 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis.

Several other equities research analysts also recently commented on FHI. TD Cowen upgraded Federated Hermes from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th. UBS Group upped their price objective on shares of Federated Hermes from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Federated Hermes from $43.00 to $45.00 and gave the company a "buy" rating in a report on Monday. Royal Bank of Canada raised their price target on shares of Federated Hermes from $36.00 to $39.00 and gave the company a "sector perform" rating in a research report on Monday, October 28th. Finally, StockNews.com lowered Federated Hermes from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

Federated Hermes Trading Up 0.4 %

Shares of FHI stock traded up $0.17 during mid-day trading on Friday, hitting $42.18. The company's stock had a trading volume of 553,269 shares, compared to its average volume of 711,846. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $42.56. The company has a market cap of $3.45 billion, a PE ratio of 13.51, a P/E/G ratio of 1.17 and a beta of 1.15. The company's fifty day simple moving average is $37.75 and its 200-day simple moving average is $34.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Hedge Funds Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently bought and sold shares of FHI. BNP Paribas Financial Markets raised its holdings in Federated Hermes by 69.3% during the 1st quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company's stock valued at $1,323,000 after acquiring an additional 14,987 shares during the period. SG Americas Securities LLC boosted its stake in Federated Hermes by 92.2% in the 1st quarter. SG Americas Securities LLC now owns 7,290 shares of the company's stock worth $263,000 after purchasing an additional 3,497 shares during the period. Headlands Technologies LLC grew its holdings in Federated Hermes by 607.7% during the 1st quarter. Headlands Technologies LLC now owns 828 shares of the company's stock valued at $30,000 after buying an additional 711 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Federated Hermes by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 6,876 shares of the company's stock valued at $248,000 after buying an additional 2,043 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Federated Hermes by 78.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 69,814 shares of the company's stock worth $2,522,000 after buying an additional 30,621 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Insider Transactions at Federated Hermes

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $39.86, for a total transaction of $484,378.72. Following the completion of the transaction, the chief executive officer now owns 179,096 shares in the company, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dolores D. Dudiak sold 5,000 shares of Federated Hermes stock in a transaction dated Wednesday, October 30th. The stock was 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 directly owns 77,288 shares in the company, valued at approximately $3,083,018.32. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Federated Hermes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. Federated Hermes's payout ratio is presently 39.87%.

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.