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 ...

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 ...

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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 ...

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) 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 ...

Total assets under management reach a record $800.5 billion Money market assets at record $593.0 billion; fixed income assets at record $100.2 billion Q3 2024 earnings per diluted share of $1.06 Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter ...

Core Insights - Federated Hermes (FHI) is expected to report quarterly earnings of $0.92 per share, a 7% increase year-over-year, with revenues projected at $409.7 million, reflecting a 1.8% year-over-year growth [1] - Analysts have adjusted the consensus EPS estimate upward by 3.2% over the past 30 days, indicating a reassessment of initial projections [1] - The relationship between earnings estimate trends and short-term stock price movements is emphasized, highlighting the importance of earnings projections [1] Revenue Projections - Analysts estimate 'Revenue - Administrative service fees, net' to reach $94.90 million, a year-over-year increase of 7.8% [2] - 'Revenue - Other service fees, net' is projected at $38.06 million, indicating a 0.5% increase from the previous year [2] - 'Revenue - Investment advisory fees, net' is forecasted to be $275.34 million, reflecting a slight decline of 0.5% year-over-year [2] Managed Assets Estimates - 'Managed Assets - Asset Class - Alternative/private markets' is estimated at $20.68 billion, up from $20.34 billion in the same quarter last year [3] - 'Managed Assets - Asset Class - Multi-asset' is projected to reach $2.85 billion, compared to $2.73 billion in the previous year [3] - 'Managed Assets - Asset Class - Money market' is expected to be $582.90 billion, an increase from $525.09 billion year-over-year [3] Additional Managed Assets Insights - 'Managed Assets - Product Type - Alternative/private markets' is estimated at $12.52 billion, slightly up from $12.41 billion last year [3] - 'Managed Assets - Product Type - Multi-asset' is projected at $2.72 billion, compared to $2.60 billion in the same quarter last year [4] - 'Managed Assets - Asset Class - Fixed-income' is expected to reach $97.56 billion, up from $89.77 billion year-over-year [4] Separate Accounts Projections - 'Managed Assets - Separate Accounts - Alternative/private markets' is estimated at $8.16 billion, compared to $7.93 billion last year [4] - 'Managed Assets - Separate Accounts - Multi-asset' is projected at $137.90 million, up from $129 million in the same quarter last year [4] - 'Managed Assets - Separate Accounts - Money market' is expected to be $150.97 billion, an increase from $140.19 billion year-over-year [5] Stock Performance - Over the past month, Federated Hermes shares have returned +2.4%, slightly underperforming the Zacks S&P 500 composite's +2.7% [5] - Based on its Zacks Rank 2 (Buy), FHI is expected to outperform the overall market in the upcoming period [5]

Wall Street expects a year-over-year increase in earnings on higher revenues when Federated Hermes (FHI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better ...