Federated Hermes (FHI) to Release Earnings on Thursday

Federated Hermes (NYSE:FHI) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Federated Hermes to post earnings of $0.96 per share and revenue of $417.63 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Federated Hermes Price Performance

FHI stock opened at $39.35 on Wednesday. Federated Hermes has a 1 year low of $31.24 and a 1 year high of $43.92. The firm has a market capitalization of $3.22 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. 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 business has a 50 day simple moving average of $40.86 and a 200-day simple moving average of $37.84.

Insiders Place Their Bets

In other Federated Hermes 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 value of $484,378.72. Following the completion of the transaction, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This trade represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the completion of the sale, the insider now owns 53,837 shares in the company, valued at $2,232,620.39. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,280 shares of company stock valued at $986,421. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FHI. StockNews.com lowered shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised shares of Federated Hermes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI upped their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.00 price target (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Finally, UBS Group upped their price target on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.17.

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.