I've already mentioned that for equities, we have $166 million in wins to fund, which is offset by $188 million of known redemptions. Both the wins and the losses are in the global equity mandate area. Tom? Thank you. At this time, we will be conducting our question-and-answer session. [Operator Instructions] Thank you. Our first question is coming from Patrick Davitt with Autonomous Research. Your line is live. For equities, we have $166 million wins to fund, offset by $188 million of known redemptions. Th ...

Net income (GAAP basis) of $21 million plunged 71% from the year-ago quarter's tally. Our Viewpoint Strong Asset Position An increase in net administrative service fees is a major driving factor. The company's assets under management (AUM) touched a record level. However, the downtick in revenues and a higher expense base acted as a headwind. Total revenues declined 7% year over year to $402.6 million. The top line surpassed the Zacks Consensus Estimate of $397.4 million. Quarterly net investment advisory f ...

Shares of Federated Hermes have returned +6.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. For the quarter ended June 2024, Federated Hermes (FHI) reported revenue of $402.58 million, down 7.1% over the same period last year. EPS came in at $0.96, compared to $0.81 in the year-ago quarter. The reported revenue represents a surprise of +1.31% over the Z ...

This quarterly report represents an earnings surprise of 7.87%. 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 $0.89, delivering no surprise. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for Federated Hermes? Empiric ...

Financial Summary Q2 2024 vs. Q1 2024 YTD 2024 vs. YTD 2023 minutes prior to register and join the call. A replay will be available at approximately 12:30 p.m. Eastern on July 26, 2024. To access the telephone replay, dial 877-481- 4010 (domestic) or 919-882-2331 (international) and enter access code 50846. The online replay will be available via FederatedHermes.com/us for one year. Federated Hermes, Inc. is a global leader in active, responsible investment management, with $782.7 billion in assets under ma ...

The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $397.56 million, down 8.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.71% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collect ...

A telephone replay of the call will begin at approximately 12:30 p.m. Eastern on July 26, 2024. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter the access code 50846. The online replay will be available via FederatedHermes.com/us for one year. SOURCE Federated Hermes, Inc. Investors interested in listening to the conference call should dial 888-506-0062 (domestic) or 973-528-0011 (international) or visit FederatedHermes.com/us for real-time Internet acc ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its ...

Total Q1 carried interest and performance fees were $400,000 compared to $9.7 million in Q4. Q1 operating expenses increased by $8.9 million from the prior quarter due mainly to higher compensation expense, Federated Hermes, Inc. (NYSE:FHI) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Raymond Hanley - President of Federated Investors Management Company Christopher Donahue - President and Chief Executive Officer Thomas Donahue - Chief Financial Officer, Vice President, Director and Treasurer De ...

Federated Hermes, Inc.’s (FHI) first-quarter 2024 earnings per share of 89 cents met the Zacks Consensus Estimate. The bottom line increased from 78 cents in the year-ago quarter.An increase in net investment advisory fees and net administrative service fees are the major driving factors. However, higher expense levels were headwinds.Net income was $75 million, up 8% from the year-ago quarter.Revenues Improve, Operating Expenses RiseTotal revenues improved 4% year over year to $396.4 million. The top line s ...