What is Zacks Research’s Estimate for FHI FY2024 Earnings?

Federated Hermes, Inc. (NYSE:FHI) – Research analysts at Zacks Research upped their FY2024 earnings estimates for Federated Hermes in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the company will post earnings of $3.76 per share for the year, up from their previous 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.

Several other brokerages also recently weighed in on FHI. Deutsche Bank Aktiengesellschaft increased their price target on Federated Hermes from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada increased their target price on Federated Hermes from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on shares of Federated Hermes from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Federated Hermes from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th. Finally, TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $46.00 in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Federated Hermes Stock Up 0.4 %

Shares of NYSE FHI opened at $42.18 on Friday. Federated Hermes has a 1 year low of $31.08 and a 1 year high of $42.56. The firm has a 50-day simple moving average of $37.92 and a two-hundred day simple moving average of $34.86. The company has a market cap of $3.45 billion, a P/E ratio of 13.56, a PEG ratio of 1.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.75 and a quick ratio of 2.03.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.14. The firm had revenue of $408.46 million during the quarter, compared to analyst estimates of $410.26 million. Federated Hermes had a net margin of 16.62% and a return on equity of 29.85%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS.

Hedge Funds Weigh In On Federated Hermes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in shares of Federated Hermes by 267.9% in the 2nd quarter. SG Americas Securities LLC now owns 26,820 shares of the company’s stock valued at $882,000 after buying an additional 19,530 shares in the last quarter. Tidal Investments LLC acquired a new stake in Federated Hermes in the first quarter valued at approximately $1,419,000. Ontario Teachers Pension Plan Board grew its holdings in Federated Hermes by 103.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 58,726 shares of the company’s stock worth $2,121,000 after purchasing an additional 29,793 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of 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 worth $37,555,000 after purchasing an additional 324,958 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Federated Hermes by 69.3% during the first quarter. BNP Paribas Financial Markets now owns 36,615 shares of the company’s stock worth $1,323,000 after purchasing an additional 14,987 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling

In related news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dolores D. Dudiak sold 5,000 shares of the company’s stock in a transaction 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 of the company’s stock, 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. 3.70% of the stock is owned by insiders.

Federated Hermes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend yield of 2.94%. Federated Hermes’s payout ratio is currently 39.87%.

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.