Brokers Issue Forecasts for FHI FY2027 Earnings

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

Federated Hermes (NYSE:FHI) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.04 EPS for the quarter, topping 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%.

A number of other brokerages have also recently weighed in on FHI. UBS Group increased their price target on Federated Hermes from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on Federated Hermes from $42.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 28th. TD Cowen upgraded Federated Hermes from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $46.00 in a research report on Monday, October 28th. Evercore ISI increased their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 26th. One investment 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.com, the stock has a consensus rating of “Hold” and an average price target of $42.00.

Federated Hermes Trading Down 1.3 %

Shares of NYSE FHI opened at $37.72 on Thursday. The stock’s 50 day moving average price is $39.49 and its two-hundred day moving average price is $38.38. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The stock has a market capitalization of $3.09 billion, a P/E ratio of 11.83, a PEG ratio of 1.00 and a beta of 1.16. The company has a quick ratio of 2.03, a current ratio of 2.70 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Federated Hermes

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Federated Hermes in the fourth quarter valued at about $37,000. R Squared Ltd acquired a new stake in Federated Hermes during the fourth quarter worth about $43,000. Sound Income Strategies LLC acquired a new stake in Federated Hermes during the fourth quarter worth about $53,000. Neo Ivy Capital Management acquired a new stake in Federated Hermes during the third quarter worth about $60,000. Finally, GAMMA Investing LLC grew its position in Federated Hermes by 60.9% during the fourth quarter. GAMMA Investing LLC now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 646 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Saker Anwar Nusseibeh sold 5,546 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $38.81, for a total value of $215,240.26. Following the sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $6,950,715.76. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.29%. Federated Hermes’s dividend payout ratio (DPR) is presently 38.87%.

About Federated Hermes

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.