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Best Income Stocks to Buy for November 15th
ZACKS· 2024-11-15 09:51
Here are two stocks with buy rank and strong income characteristics for investors to consider today, November 15:Raymond James Financial, Inc. (RJF) : This diversified financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.1%, compared with the industry average of 0.7%.Federated Hermes, Inc. (FHI) : This global asset manager has witnessed the Zacks Consensus Estimate for its cur ...
Best Value Stocks to Buy for November 15th
ZACKS· 2024-11-15 09:45
Here are two stocks with buy rank and strong value characteristics for investors to consider today, November 15:Federated Hermes, Inc. (FHI) : This global asset manager carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.Federated Hermes has a price-to-earnings ratio (P/E) of 12.85 compared with 14.40 for the industry. The company possesses a Value Score of A.Raymond James Financial, Inc. (RJF) : This diversified financ ...
Should Value Investors Buy Federated Hermes (FHI) Stock?
ZACKS· 2024-10-31 14:45
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Federated Hermes: Valuations Are Still Attractive Following EPS Beat
Seeking Alpha· 2024-10-30 19:25
Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get starte ...
These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
Benzinga· 2024-10-28 16:10
Federated Hermes, Inc. FHI reported upbeat earnings for the third quarter, after the closing bell on Thursday.The company posted quarterly earnings of $1.06 per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $408.456 million which missed the analyst consensus estimate of $409.260 million.“Federated Hermes reached record assets under management for the eighth consecutive quarter on the strength of flows into money market and fixed-income product ...
Federated(FHI) - 2024 Q3 - Earnings Call Transcript
2024-10-25 21:20
Federated Hermes, Inc. (NYSE:FHI) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and Chief Executive Officer Tom Donahue - Chief Financial Officer Deborah Cunningham - Chief Investment Officer, Money Markets Saker Nusseibeh - Chief Executive Officer , Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Ken Worthington - JPMorgan Chase Bill Katz - ...
Federated(FHI) - 2024 Q3 - Quarterly Report
2024-10-25 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
Federated Hermes Q3 Earnings Beat Estimates, Revenues & AUM Rise Y/Y
ZACKS· 2024-10-25 17:36
Federated Hermes, Inc.’s (FHI) third-quarter 2024 adjusted earnings per share of $1.06 topped the Zacks Consensus Estimate of 92 cents. The bottom line increased 23.3% from the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.An increase in net administrative service fees is a major driving factor. The company’s assets under management (AUM) touched a record level. An increase in revenues and a decline in expenses were added advantage.Net income (GAAP basis) o ...
Federated Hermes (FHI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-24 23:35
For the quarter ended September 2024, Federated Hermes (FHI) reported revenue of $408.46 million, up 1.4% over the same period last year. EPS came in at $1.06, compared to $0.86 in the year-ago quarter.The reported revenue represents a surprise of -0.49% over the Zacks Consensus Estimate of $410.47 million. With the consensus EPS estimate being $0.92, the EPS surprise was +15.22%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...
Federated Hermes (FHI) Q3 Earnings Top Estimates
ZACKS· 2024-10-24 22:35
Federated Hermes (FHI) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.22%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $0.89 per share when it actually produced earnings of $0.96, delivering a surprise ...