Zacks Research Has Bullish Estimate for FHI FY2024 Earnings

Federated Hermes, Inc. (NYSE:FHI) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for Federated Hermes in a report released on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will earn $3.76 per share for the year, up from their prior forecast 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) last announced its quarterly earnings data 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. The company had revenue of $408.46 million for the quarter, compared to analysts’ expectations of $410.26 million. Federated Hermes had a return on equity of 29.85% and a net margin of 16.62%. Federated Hermes’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Federated Hermes from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, November 11th. UBS Group raised their target price 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. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $46.00 in a report on Monday, October 28th. Finally, Evercore ISI raised their price target on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Federated Hermes currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Federated Hermes Price Performance

FHI stock opened at $42.18 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.17 and a beta of 1.15. The firm’s fifty day moving average is $37.75 and its 200 day moving average is $34.78. Federated Hermes has a 52 week low of $31.08 and a 52 week high of $42.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75.

Federated Hermes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 2.94%. Federated Hermes’s dividend payout ratio (DPR) is presently 39.87%.

Insider Transactions at Federated Hermes

In related news, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $39.89, for a total value of $199,450.00. Following the sale, the vice president now owns 77,288 shares in the company, valued at $3,083,018.32. This represents a 6.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Saker Anwar Nusseibeh sold 12,152 shares of Federated Hermes stock in a transaction on Monday, November 4th. The shares were sold at an average price of $39.86, for a total value of $484,378.72. Following the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at $7,138,766.56. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Federated Hermes

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Federated Hermes by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,577,679 shares of the company’s stock worth $309,826,000 after purchasing an additional 45,214 shares during the period. FMR LLC lifted its position in shares of Federated Hermes by 2.5% in the third quarter. FMR LLC now owns 5,666,335 shares of the company’s stock valued at $208,351,000 after acquiring an additional 137,245 shares in the last quarter. AQR Capital Management LLC boosted its stake in Federated Hermes by 88.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,689,488 shares of the company’s stock worth $87,866,000 after purchasing an additional 1,261,097 shares during the period. Assenagon Asset Management S.A. grew its stake in Federated Hermes by 39.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,142,192 shares of the company’s stock valued at $37,555,000 after acquiring an additional 324,958 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Federated Hermes by 1.1% in the second quarter. Millennium Management LLC now owns 969,844 shares of the company’s stock worth $31,888,000 after purchasing an additional 10,552 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.