Equities Analysts Set Expectations for FHI FY2027 Earnings

Federated Hermes, Inc. (NYSE:FHI) – Equities researchers at Zacks Research issued their FY2027 earnings estimates for Federated Hermes in a report released on Tuesday, February 18th. Zacks Research analyst R. Department expects that the company will post earnings per share of $4.17 for the year. The consensus estimate for Federated Hermes’ current full-year earnings is $4.09 per share.

Several other research firms also recently commented on FHI. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $46.00 in a research note on Monday, October 28th. Evercore ISI lifted their price objective on shares of Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada lowered 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 note on Tuesday, January 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $41.00 price objective (down from $42.00) on shares of Federated Hermes in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $43.00 price objective (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Federated Hermes Price Performance

Shares of FHI opened at $38.22 on Thursday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.00 and a beta of 1.16. Federated Hermes has a twelve month low of $31.24 and a twelve month high of $43.92. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $39.59 and a two-hundred day moving average of $38.34.

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

Federated Hermes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

Insider Buying and Selling

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 value of $215,240.26. Following the completion of the transaction, the chief executive officer now owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FHI. CWM LLC increased its holdings in Federated Hermes by 74.7% in the third quarter. CWM LLC now owns 2,523 shares of the company’s stock valued at $93,000 after buying an additional 1,079 shares in the last quarter. Blue Trust Inc. increased its holdings in Federated Hermes by 80.1% in the third quarter. Blue Trust Inc. now owns 9,425 shares of the company’s stock valued at $347,000 after buying an additional 4,193 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Federated Hermes during the third quarter worth about $261,000. International Assets Investment Management LLC purchased a new stake in shares of Federated Hermes during the third quarter worth about $8,000,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Federated Hermes by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 9,146 shares of the company’s stock worth $336,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.