Federated Hermes Inc (NYSE: FHI) has reported earnings for its third fiscal quarter (ending September 30) of $1.06 versus $0.86 for the same period a year ago — an increase of 23%. For the latest four quarters through September 30, E.P.S. were $3.16 compared to $3.07 a year ago — an increase of 3%.
Recent Price Action
Federated Hermes Inc (NYSE: FHI) stock closed at $38.60 on 10/24/24 after an increase of 1.5%. Moreover, unusually high trading volume at 197% of normal accompanied the advance. The stock has risen 1.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Federated Hermes has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 65, 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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