Federated Hermes Inc (NYSE: FHI) has reported E.P.S. of $0.20 for its second fiscal quarter (ending June 30) versus $0.81 for the same period a year ago — a decline of -75%. Relative to the consensus estimate of $0.88, this was a shortfall of $-0.68. For the latest four quarters through June 30, E.P.S. were $2.94 compared to $3.00 a year ago — a decline of -2%.
Recent Price Action
Federated Hermes Inc (NYSE: FHI) stock closed at $35.43 on 7/25/24 after an increase of 1.9%. This advance was accompanied by normal trading volume. The stock has risen 1.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FHI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Federated Hermes has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Federated Hermes has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 62, 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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