Federated Hermes (FHI) to Release Earnings on Thursday

Federated Hermes (NYSE:FHI) is projected to release its earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $417,765.35 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Federated Hermes Price Performance

Federated Hermes stock opened at $38.77 on Tuesday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.39 and a beta of 1.16. Federated Hermes has a 52-week low of $31.24 and a 52-week high of $43.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.03 and a current ratio of 2.75. The stock’s 50 day moving average price is $40.93 and its two-hundred day moving average price is $37.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FHI shares. TD Cowen upgraded shares of Federated Hermes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $46.00 in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $43.00 target price (down from $45.00) on shares of Federated Hermes in a research note on Wednesday, January 8th. Evercore ISI increased their price target on Federated Hermes from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $42.00 price objective (down previously from $49.00) on shares of Federated Hermes in a report on Tuesday, January 7th. Finally, UBS Group increased their target price on Federated Hermes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.17.

Insider Activity

In other Federated Hermes news, CEO Saker Anwar Nusseibeh sold 12,152 shares of the company’s 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 sale, the chief executive officer now directly owns 179,096 shares of the company’s stock, valued at approximately $7,138,766.56. This represents a 6.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard A. Novak sold 1,363 shares of Federated Hermes stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.47, for a total transaction of $56,523.61. Following the transaction, the insider now directly owns 53,837 shares in the company, valued at approximately $2,232,620.39. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,280 shares of company stock worth $1,185,871 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

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.