Federated Hermes Inc (NYSE: FHI) has reported E.P.S. of $0.89 for its first fiscal quarter (ending March 31) versus $0.78 for the same period a year ago. E.P.S. were $3.52 for the latest four quarters through March 31 versus $2.83 for the same period a year ago.
Recent Price Action
Federated Hermes Inc (NYSE: FHI) stock declined by -2.4% on 4/25/24. The shares closed at $34.15. Moreover, this decline was accompanied by above average trading volume at 142% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
FHI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Federated Hermes has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Federated Hermes has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 68, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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