What is Zacks Research’s Estimate for FHI FY2025 Earnings?

by · The Cerbat Gem

Federated Hermes, Inc. (NYSE:FHI – Free Report) – Equities research analysts at Zacks Research lifted their FY2025 EPS estimates for shares of Federated Hermes in a report issued on Thursday, November 20th. Zacks Research analyst Team now expects that the company will post earnings per share of $4.69 for the year, up from their prior forecast of $4.37. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Federated Hermes’ current full-year earnings is $4.04 per share.

Several other brokerages have also weighed in on FHI. TD Cowen increased their price objective on shares of Federated Hermes from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada increased their price objective on shares of Federated Hermes from $45.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. Cowen reiterated a “hold” rating on shares of Federated Hermes in a research note on Tuesday, November 4th. Evercore ISI increased their target price on Federated Hermes from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Federated Hermes presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

Read Our Latest Stock Analysis on FHI

Federated Hermes Stock Up 1.0%

FHI opened at $49.42 on Monday. The firm has a market cap of $3.83 billion, a P/E ratio of 10.96, a PEG ratio of 0.54 and a beta of 0.83. The business’s fifty day simple moving average is $50.49 and its 200 day simple moving average is $48.46. Federated Hermes has a 52 week low of $35.05 and a 52 week high of $54.42. The company has a quick ratio of 2.32, a current ratio of 3.37 and a debt-to-equity ratio of 0.31.

Federated Hermes (NYSE:FHI – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.23. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The company had revenue of $469.45 million during the quarter, compared to the consensus estimate of $442.67 million. During the same quarter last year, the business posted $1.06 earnings per share. Federated Hermes’s revenue was up 14.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. MAI Capital Management lifted its holdings in Federated Hermes by 86.7% in the third quarter. MAI Capital Management now owns 476 shares of the company’s stock valued at $25,000 after buying an additional 221 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of Federated Hermes during the 2nd quarter valued at $44,000. Farther Finance Advisors LLC lifted its stake in shares of Federated Hermes by 97.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 870 shares of the company’s stock valued at $45,000 after purchasing an additional 430 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Federated Hermes in the 2nd quarter valued at $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Federated Hermes in the 2nd quarter worth $56,000. Institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Saker Anwar Nusseibeh sold 15,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.54, for a total transaction of $728,100.00. Following the transaction, the chief executive officer owned 157,039 shares of the company’s stock, valued at $7,622,673.06. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Dolores D. Dudiak sold 999 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total value of $47,822.13. Following the completion of the transaction, the vice president owned 88,223 shares in the company, valued at approximately $4,223,235.01. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,709 shares of company stock valued at $1,049,146. 3.80% of the stock is currently owned by corporate insiders.

Federated Hermes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, November 7th. Federated Hermes’s payout ratio is 28.39%.

About Federated Hermes

(Get Free Report)

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.

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