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 ...

Federated Hermes (FHI) reported $396.37 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.7%. EPS of $0.89 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +22.00% over the Zacks Consensus Estimate of $324.89 million. With the consensus EPS estimate being $0.89, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Federated Hermes (FHI) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $0.84 per share when it actually produced earnings of $0.96, delivering a surprise of 14.29%.Over the last four quarters, the company has surpassed consensus EPS ...

Exhibit 99.1 Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89; Board declares cash dividend of $1.31 ($0.31 quarterly and $1.00 special) • Special dividend of $1.00 is the sixth declared since 2008 (PITTSBURGH, Pa., April 25, 2024) — Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.89 for Q1 2024, compared to $0.78 for the same quarter last year, on net income of $75.0 million for Q1 2024, compared ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, 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 that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

One stock that might be an intriguing choice for investors right now is Federated Hermes (FHI) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Federated Hermes (FHI) , which belongs to the Zacks Financial - Investment Management industry, could be a great candidate to consider.This one of the nation's largest managers of money market funds has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for th ...

Investors with an interest in Financial - Investment Management stocks have likely encountered both Federated Hermes (FHI) and SEI Investments (SEIC) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Annual Shareholder Meeting will be by teleconference Thursday, April 25, 2024PITTSBURGH, April 4, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, will report financial and operating results for the quarter ended March 31, 2024 after the market closes on Thursday, April 25, 2024. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, April 26, 2024. President and Chief Executive Officer J. Christopher Donahue and Chief ...

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